UBS Hires Jeb Hensarling; Dallas Republican Chaired U.S. House Panel That Oversees Banking Sector

WASHINGTON -- Banking giant UBS has hired Jeb Hensarling, the Dallas Republican who spent his final six years in Congress chairing the committee that oversees the financial sector.Hensarling will serve as executive vice chairman of the Americas region, based in UBS's Dallas office, the company announced Thursday.The move mirrors the path taken by Hensarling's political mentor and former boss, Phil Gramm, who had chaired the Senate Banking Committee before joining UBS Investment Bank as vice chairman. Gramm spent three terms representing Texas in the U.S. Senate.Hensarling chaired the House Financial Service Committee, which deals with housing finance, bank regulation, monetary policy and securities.   Continue reading...