Dariush Mirfendereski, the former head of inflation derivatives at Barclays Capital in London has moved to UBS, as head of inflation-indexed bonds and derivatives for UK and Europe.

Mirfendereski's appointment is a coup for UBS, which is growing its inflation-linked business. It is the Swiss bank's second raid on Barclays Capital's leading inflation-linked franchise. Last August, UBS hired Fred Cleary from Barclays Capital to be a director in its inflation-linked strategy group.