Guy Wylie, UBS’s head of debt capital markets for Asia, resigned on Friday, a spokesman for the bank has confirmed. His role at the bank will not be replaced and the debt capital markets team will report into Joseph Chee, head of global capital markets at UBS.
Wylie is headed for another firm, according to a source. He became head of debt capital markets in February 2010, after the departure of Ranobir Mukherji in December 2009, who left UBS to join rival firm Bank of America Merrill Lynch.
Wylie managed UBS’s debt platform, which included debt origination, ratings advisory and strategic loans. The bank’s decision not to replace him is read by some as a move to do away with a layer of management. However, the firm will also be losing a senior debt originator.
With Wylie’s departure, some say the roles of existing senior members of the team will likely be expanded. Mohamed Atmani, UBS’s head of leveraged finance for Asia ex-Japan, and Paul Au, head of syndicate for Asia, are expected to take on more responsibilities.
Besides being head of debt capital markets, Wylie also sat on the global capital markets management committee together with Joseph Chee and Sam Kendall. It is unclear if the firm is appointing someone to replace him on that committee.
Wylie had more than 14 years of experience in credit-oriented positions across the loan, investment and sub-investment grade bond and restructuring markets. He was relocated to Hong Kong in 2009 to head up UBS’s Asian leveraged finance and restructuring business.