Investment Banking

UBS to name new global leadership teams at investment bank

Swiss bank appoints new co-heads of its traditional dealmaking and sales and trading divisions

UBS to name new global leadership teams at investment bank
Photo: iStockPhoto

UBS is changing the structure and leadership of its investment bank, as the executives who took control of the division a year ago look to stabilise performance.

Piero Novelli and Robert Karofsky, who succeeded Andrea Orcel as co-heads of UBS’s investment bank in September 2018, will confirm the reorganisation this week, according to a report by Bloomberg.

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