Philip Partnow, a managing director within UBS' China mergers and acquisitions team, and Shaun Treacy, a managing director and co-head of Asia general industries, have both left the Swiss bank.
Steven Drake, who was previously co-head of Asia general industries with Treacy, is now sole head of Asia general industries.
According to a source familiar with the matter, the departures were not related and there are no immediate plans to replace them. Both senior bankers left UBS after bonuses were paid out and the source added that it is unlikely that they are headed to rival banks.
A UBS spokesman declined to comment...