Mulcahy to leave Peregrine for UBS

PEREGRINE Brokerage research director John Mulcahy is quitting to become managing director of UBS Securities Hongkong in April.

Mr Mulcahy, well known in the Hongkong securities industry, is leaving Peregrine at the end of the month.

He expected a replacement to be announced fairly soon.

At UBS he will be in charge of both securities research and trading.

Mr Mulcahy, a South African, was formerly a Citicorp Scrimgeour Vickers director and Business Post editor.

A trained accountant, Mr Mulcahy also worked on the Rand Daily Mail in Johannesburg for five years as a journalist. He left Scrimgeour Vickers to join Peregrine on June 1, 1989.