Raj Malhotra, the Singapore-based executive director, has left UBS after five years.
Malhotra has helped lead UBS’ DCM efforts in Southeast Asia since 2009. The bank has no immediate plans to replace him, according to a spokesperson.
He joined UBS in 2007 where he joined the bank’s Scandinavian DCM team advising Nordic banks on debt funding opportunities in London. Previously, he worked at Goldman Sachs, where he conducted credit research on European banks.
Malhotra’s departure comes after head of debt capital markets Guy Wylie left UBS on June 15 for an undisclosed bank. Wylie became head of a combined debt origination and debt capital markets business in February 2010 as part of the move to make its debt business more efficient by bringing in teams into a single platform covering investment grade and high-yield bonds, special-situation finance, leveraged finance, ratings advisory and corporate derivatives.