UBS replaces CCS with new global banking division
UBS is revamping its investment bank to put the unit on a more global footing and boost collaboration across divisions, in a move that finally draws a line under the Andrea Orcel era.
Piero Novelli and Rob Karofsky, who were appointed co-presidents of the investment bank a year ago when Orcel quit to join Santander, told staff of the changes at a global town hall meeting on Thursday.Starting in the fourth quarter, the investment bank will be split ...
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