A co-head of fixed income has quit UBS and its two distressed heads are also said to be leaving. Sal Naro, co-head of the recently created credit fixed income team, has left, according to Allison Chin-Leong, spokeswoman. Drew Doscher and Jeff Horan, co-heads of distressed debt, are also said to be leaving the firm, according to an outsider. Yet Chin-Leong denied they have resigned.
Naro did not return calls. Meanwhile, Doscher and Horan are said to be leaving to start a hedge fund. Doscher, reached on his cell phone, declined comment and Horan did not return calls to his cell phone by press time.
Chris Ryan, co-head of credit fixed-income with Naro, was traveling and did not return calls by press time.
