Asia credit sales head Justin Yang leaves UBS

Justin Yang, a managing director and head of Asia credit sales for UBS, left the bank on Friday. When contacted by FinanceAsia, Yang declined to comment on where he was headed next.

Tommy Leung, who is based in Singapore, and Gerry Ifill, who is based in Hong Kong, have since been appointed co-heads of Asia credit sales for UBS. They both report to Mark Jones, head of credit and rates distribution for Asia-Pacific.

In October, UBS said that it planned to cut 10,000 jobs and retreat from fixed-income markets. Sources within the firm have said that the bank is exiting long-dated swaps and...