People News: Barclays, UBS

Barclays has named Gary Posternack global head of mergers and acquisitions, said a person briefed on the matter.

Bloomberg News reports that Mark Warham, 52, head of European M&A, will leave the firm and be replaced by Matthew Ponsonby, said the person, who asked not to be identified because the moves haven’t been made public. Ponsonby, 49, had previously been co-head of European M&A until 2013, when he was named chief operating officer for banking, a role he will continue to hold, the person said.

Posternack, 47, had previously been head of Americas M&A. He joined Lehman Brothers in 1995, before Barclays bought the investment bank’s North American operation out of bankruptcy in 2008. He is also a former natural-resources mergers chief.

Reid Marsh will relocate to Hong Kong from London to become co-head of investment banking for the Asia-Pacific region, the person said. Barclays plans to appoint another employee from within the region to be his fellow co-head, the person said.

In the meantime, UBS has named Marcos Grodetzky, who has served as an executive at Cielo SA and Fibria Celulose SA, as a senior adviser to its investment banking business in Brazil, according to a memo obtained by Bloomberg News.

Bloomberg News reports that Grodetzky will work with Gerard Cremoux, head of UBS’s division known as Corporate Client Solutions in Latin America.

Barclays Names Posternack M&A Chief; Warham Leaving Bank

UBS Said to Name Grodetzky Adviser for Brazil Investment Banking

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