Thomas Zimmerman, who used to be part of the team that published UBS investment research's Mortgage Strategist, is still at UBS heading up a research group within Swiss National Bank Fund Management Group. In October, UBS and the Swiss National Bank forged an agreement to isolate $60 billion dollars of UBS illiquid securities and other assets into a separate fund entity set up by the Swiss government. Zimmerman's group comprises Trevor Murray, Lidan Yang, Rei Shinozuka and Yan Liu, who were all part of the Mortgage Strategist team. Zimmerman maintains the title of managing director and is still based in New York.
The head of Banc of America Securities REIT research, Christy McElroy, has left the firm, according to published reports. McElroy had led the team since the departure of Ross Nussbaum.