Robert Bruce has left CLSA in Singapore to take a new position with UBS Warburg in Sydney. Bruce was regional aviation analyst with CLSA in Singapore and previously a conglomerates analyst with the same firm in Hong Kong. At UBS his title is senior emerging companies analyst and he will be responsible for researching small cap Australian stocks. There are concerns that after a long and distinguished career in Asia, Bruce - known as Moose to his many acquaintances - might find the pace of life rather slow in his native Australia. But sources assure us that he has settled in well and is looking forward to improving his considerable golf handicap.