UBS hires Barclays executives to beef up investment banking in U.S.

📆 25/04/2023 02:30:00
📰 Reuters

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UBS Group said on Monday it had hired three executives from Barclays Plc in a big push to ramp up its U.S. investment banking presence.

Switzerland-based UBS, which has been lagging peers in the United States, said it hired Marco Valla, Jeff Hinton and Kurt Anthony from Barclays for its global banking teams in New York.

Valla replaces Ros L'Esperance, who will drive strategy for the global banking business and create a new corporate advisory group for the most senior client-facing bankers. UBS was ranked 14th in advising on mergers globally and 19th in underwriting share sales last year, according to data compiled by Dealogic.

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