Union Bank of Switzerland has named a global head of institutional asset management-a new position for the Zurich-based bank.

Daniel H. Sigg, 41, who starts this month, will report directly to Arthur Decurtins, an executive vice president in Switzerland who oversees both institutional asset management and private banking.

Mr. Sigg was chief financial officer of BEA Associates, an investment management subsidiary of Credit Suisse Group in New York. His responsibilities there will be taken on by other BEA executives, according to a representative of the firm. Mr. Sigg's role at UBS is to oversee institutional asset management in London, New York, Singapore, Tokyo, and Zurich. He will split his time between New York and Zurich.

The heads of institutional asset management in those cities, including James McCaughan in New York, will report to Mr. Sigg.

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