17 hours ago
UBS to Merge M&A, Sponsor Advisory in Investment Banking Revamp
UBS Group AG is combining its mergers and acquisitions business and sponsor advisory into one unit as part of an internal restructuring.
Jeff Hinton and Nestor Paz-Galindo, currently global co-heads of M&A, will lead the newly created corporate and sponsor advisory group, according to an internal memo reviewed by Bloomberg News. The bank will hence dismantle its alternative capital group and Simona Maellare, co-head of this business, will leave the lender. Terry Sullivan, the other co-head of the alternative capital group and global head of financial institutions group, will become chairman of the global financial institutions group.
