61.   UBS Securities Inc., New York, the brokerage unit of Union Bank of Switzerland, named Joseph Sturtevant managing director and head of its mortgage derivatives trading.

62.   American Express spun off its brokerage unit last year and has restructured its businesses to better focus on its core credit card and travel related operations.

63.   The New York-based company announced plans to launch a new brokerage unit with online trading and access to financial advisers and planners.