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UBS Investment Bank announces Senior Appointments within its Securities businesses
UBS Investment Bank today announced the appointment of Neal Shear (55) as Global Head of Securities. Neal will be based in Stamford.
Neal brings extensive experience to the role, with over 30 years in the industry. He spent most of his career at Morgan Stanley, where he was most recently Co-Head of Sales and Trading, with responsibility across Equities and Fixed Income. Prior to this, Neal was one of the original founding members of their global Commodities business.
Carsten Kengeter, Co-CEO UBS Investment Bank said: Neal will be responsible for driving a more aligned approach across Equities and FICC (Fixed Income, Currencies & Commodities), a cornerstone in our strategy for an integrated client-centric investment bank built around flow and advice. He is a real veteran of the securities industry having spent over 30 years developing world-class businesses.
In addition, UBS is also pleased to announce the appointment of Roberto Hoornweg (41) who joins as Global Head of Securities Distribution. Roberto will be based in London.
Roberto joins UBS after 17 years at Morgan Stanley where he was most recently Head of Global Interest Rates, Credit & Currencies. Prior to this role, Roberto was responsible for the firm's Fixed Income and FX Emerging Markets Sales & Trading business.
Alex Wilmot-Sitwell, Co-CEO UBS Investment Bank said: Increasingly, clients are directing their business to firms who can service their multi-asset needs most effectively. We believe that by bringing our Equities and FICC distribution teams more closely together under the leadership of Roberto, we can better leverage our world-class product delivery capabilities for our clients.
Following these appointments, Carsten Kengeter will relinquish his additional role as Joint Global Head of FICC. Rajeev Misra, Global Head of Credit, and Dimitri Psyllidis, Global Head of Macro, will take on additional responsibility as Joint Global Heads of FICC. Jeff Mayer will take on the new role of Executive Chairman of FICC. Neal, Roberto, Rajeev and Dimitri will become members of the Investment Bank Executive Committee.
Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.
UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).