rankin-leaves-ubs-after-18-years

Rankin leaves UBS after 18 years

The head of investment banking in the region resigns to spend more time with his family. He will be succeeded by David Chin and Matthew Hanning who will share the job as joint heads.

Barely a week after UBS announced that it will appoint a new chairman at its annual general meeting in April and less than a month after its CEO announced his intention to step down, the Swiss firm has announced a series of senior level changes at its investment bank in Asia.

The changes were sparked by the surprise resignation of Robert Rankin as head of investment banking for Asia-Pacific earlier this week. While UBS has struggled at a global level over the past year, Rankin has built the firm into one of the top investment banks in Asia since he became co-head of investment banking in the region in 2003 and he is likely to...

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