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William Weng started as head of the team in April after quitting as head of Credit Suisse's Quantitative Resources Group.

Todd Jablonski and Eric Leng, portfolio managers, have now joined him. A third portfolio manager, Patrick Zimmermann, will be added next month. Analysts Chenye Bao, Sergio Joseph, Jeremy Raccio and Jeff Song complete the set.

The investment management division of the Swiss bank said: "Active quantitative equities is a new capability for UBS Global Asset Management, and the focus will be on launching new long-only, market-neutral and 130/30 active quantitative equity strategies over the coming months."

UBS Global Asset Management has launched a number of 130/30 and absolute return products in the UK retail marketplace. These include the £32.1m UBS Absolute Return Bond and the £30.8m UBS US Equity 130/30 funds.

The team previously ran US funds for US clients for Credit Suisse. Its departure is one of two recent high-profile losses to Credit Suisse's equity business, along with Kim Goodwin, who left in May as head of equities for asset management.

Jordan Low, head of statistical trading for Credit Suisse's global proprietary trading division, replaced Mr Weng in his post at Credit Suisse in April. He has now completed his revisions of the team after replacing two employees with three new hires from Goldman Sachs, Lehman Brothers and Adventity. Cesar Perez, head of European equities, took over Ms Goodwin's role.

Most of Mr Weng's new team will be located in New York, with additional representation in Chicago and Zurich. Mr Weng will answer to Art Gresh, London-based head of structured equities.