Harish Raman leaves UBS for Citi

Harish Raman has resigned from UBS and will be joining his former colleague Steve Lam on the Asian equity syndicate desk at Citi, sources said yesterday. The departure comes just two weeks after Lam left the bank and while UBS has a fairly large syndicate team under the leadership of Sam Kendall, the loss of two people in such quick succession is bound to leave a gap.

Raman has worked at UBS for five years, mainly as head of Asian equity-linked. However, in the middle of last year he took on a dual role on the equity syndicate desk focusing on India.