UBS has hired two bankers - one for its equity capital markets business and one for the financial sponsors coverage group - to grow its services for sponsor clients.
Bloomberg News reports that Michael O’Donovan will join the bank as a managing director in ECM Americas, according to an internal memo sent by Ros Stephenson, UBS’s chairman of global corporate client solutions. A spokeswoman for UBS confirmed the contents of the memo. O’Donovan, formerly of KKR’s Capital Markets unit, will head the strategic equity solutions group in the Americas and oversee the equity-linked business and the structuring of private deals.
In the meantime, Bloomberg also reports that JPMorgan hired Julia Wu from HSBC to head its China-incorporated unit, replacing Brett Krause.
Wu will join JPMorgan Chase Bank (China) Co. as president, subject to regulatory approval, Marie Cheung, a spokeswoman in Hong Kong, said Friday by telephone. Wu was most recently deputy head of global banking business in China at HSBC, where she worked for the past four years, Cheung said.
Saudi national Al Kishi will remain as CEO of Deutsche Securities Saudi Arabia, subject to regulatory approvals, and will chair the Middle East and Africa executive committee, the Frankfurt-based lender said in a statement Monday. The bank also named Salah Jaidah, its chief country officer in Qatar, as chairman of the Middle East and North Africa.
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