People News: C Suisse, UBS, JPMorgan

The Australian arm of Credit Suisse hired the long-standing head of equity capital markets at rival investment bank UBS, Simon Cox, a spokeswoman said.

Reuters reports that Cox will be the bank's co-head of equity capital markets for Australia.

Cox has been co-head of ECM at UBS since 2008. Credit Suisse revealed its new hire, its second of a senior UBS banker in a week, in an internal memo to staff on Tuesday morning.

In the meantime, Reuters also reports that JPMorgan hired four executives to increase coverage of private-banking activities in Brazil, where competition for existing and new clients is mounting as Latin America's largest economy plunges into recession, two sources with knowledge of the matter said on Monday.

The bank, which has served wealthy families in Brazil for over half a century, hired Ricardo Taira, Leonardo Bulgareli, Carlos Amarante and Jayme Freixo last month to focus on increasing JPMorgan's customer base in São Paulo and Rio de Janeiro states and the country's south, said the sources, who requested anonymity since the decision is private.

Credit Suisse hires UBS banker as secondary raisings flourish

JPMorgan hires four for Brazil private banking unit, sources say

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