UBS replaces CCS with new global banking division

By David Rothnie
05 Sep 2019

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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