UBS Announce Changes To Investment Bank Senior Management

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UBS has announced that William Vereker will join the Investment Bank on 1 June as Head of Corporate Client Solutions, EMEA.

Vereker joins UBS from Nomura where he was Joint Head of Global Investment Banking.

In addition, UBS’s Investment Bank will establish a new cross business, global Financial Institutions Group which will be led by David Soanes. Both Vereker and Soanes will report into the Investment Bank’s CEO, Andrea Orcel, and will be Executive Committee members.

Andrea Orcel, CEO of UBS's Investment Bank, said: 'Continuing to strengthen our Institutional Client franchise in Europe is crucial for us and I am convinced that somebody of William's calibre will significantly contribute towards achieving our ambitions in the region'.

'It is also clear to me that we will benefit from an integrated approach to serving our FIG clients - a critical sector for UBS. David is one of the markets leading FIG specialists, and with his leadership, I am confident we can fully leverage the entire bank's capabilities to better serve clients globally in this sector'.

Background on William Vereker

Vereker joins from Nomura where he was Joint Head of Global Investment Banking. Prior to this he was Head of European Investment Banking. He was formerly at Lehman Brothers where he held the position of European Head of Investment Banking and before that he was Head of Global Natural Resources and Power. Vereker also held a number of roles in investment banking at Morgan Stanley over a 9 year period. Vereker's clients include many of the world's largest natural resources and utility companies and he has been involved in many of the landmark transactions across those sectors over the last 25 years.

Most recently, he advised Xstrata in relation to their merger with Glencore and International Power with respect to their acquisition by GDF Suez.

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