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UBS Will Reportedly Change Investment Banking Management
According to Reuters reports, UBS is ready to make management changes to the investment banking divisions as soon as Monday, with different senior bankers supposedly leaving.
The recognition is ready to unify teams after the completion of the UBSs takeover of Credit Suisse, as per the report. The changes will be in different deal-breaking teams that include healthcare, retail, consumer financial sponsors & equity capital markets, etc. Some Credit Suisse bankers will get roles in the combined company. On the other hand, some will leave, along with some UBS bankers.
John Leving, who has been serving as the head of retail investment banking at Credit Suisse, will reportedly replace Jeff Rose. Jeff Rose is one of the team heads of the global consumer products of UBS.
Matt Eilers, the global head of financial sponsors of UBS, is in talks to possibly quit their job. Rob DiGia, the global head of healthcare at UBS, will stay in the bank and is reportedly in talks to assume a chairman-level role.
Reuters said that the changes are not final yet and the restructuring plans are in the process. Also, the UBS spokeswoman declined to add any further comment to Reuters on that matter.
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