UBS Makes Senior IB Hire, Nomura Said To Ask Senior Traders To Leave

For Hire

UBS hired Nomura’s former co-head of investment banking, William Vereker, to help oversee its merger advisory and capital markets operations in Europe, two people with knowledge of the talks said.

Bloomberg reports that Vereker, who took up the post of vice chairman of Nomura’s investment banking operation in London seven months ago, will join UBS in June as head of corporate client solutions for Europe, said the people, who asked not to be identified because the move hasn’t been made public. David Soanes, who currently holds that job, plans to remain at UBS, one of the people said.

Andrea Orcel has been overhauling the Zurich-based firm’s advisory business since he became chief executive officer of UBS’s investment bank in November, adding advisory bankers as the firm scales back its capital-intensive fixed-income unit. Carsten Kengeter, who helped to oversee the fixed-income division, is preparing to leave the bank, UBS said in February.

Bloomberg also reports that Nomura has asked two managing directors on the equity trading desk including Jean El Khoury to leave the Japanese firm Monday, said a person with knowledge of the matter.

El Khoury was the head of equities trading for Asia excluding Japan, while Emmanuel Slezack was head of index flow derivatives trading for the region, said the person, who asked not to be identified because the matter is confidential. Both men were based in Hong Kong.

Nomura is overhauling the team on the trading desk after hiring Yasuhiro Fujiwara, a former Bank of America veteran, as head of equities for Asia ex-Japan, the person said.

UBS Said to Hire Nomura’s Vereker as Orcel Overhauls Swiss Bank

Nomura Said to Ask Senior Traders El Khoury, Slezack to Leave

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