UBS Securities has hired Xavier Feschet as an executive director in its delta one trading team in Hong Kong. Feschet joins the Swiss bank from Daiwa Securities, also in Hong Kong, which he joined about a year ago as head of index arbitrage trading. Feschet left the Japanese bank earlier this year after the bank closed its index arbitrage activities. Feschet joined Daiwa Securities from BNP Paribas in Hong Kong, where he spent over six years a director - forward trader. Calls to UBS to establi