Orcel promotes key lieutenant in UBS shake-up
UBS's Investment Bank has shaken up the management of its corporate clients solutions (CCS) division in a series of moves that sees long-serving co-head William Vereker move to a executive vice chair role as the bank implements a regional management structure.
Andrea Orcel, president of UBS's investment bank, said in a memo to staff that Javier Oficialdegui has been appointed head of CCS for EMEA, while Joe Reece will be head of CCS for the Americas.
The appointments of Oficialdegui and Reece follow that of David Chin as head of
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