UBS moves with the times, picks equities MD for ECM job

31 May 2012

The job of an equity syndicate head is changing: that was the conclusion that some in the market took from UBS’s decision this week to turn to one of its senior equities salesmen in its search for a new head of EMEA equity syndicate.

Those running syndicate at rival firms reckon the move is indicative of a shift in emphasis in bank syndicate roles away from a capital markets focus and more towards distribution and sales.

Gareth McCartney, who was already a managing director at UBS as head of EMEA middle market cash ...

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