UBS brings back Peter Burnett as GCM chairman for Asia

Burnett, who has spent more than 15 years with UBS in Asia, including a six-year stint as co-head of investment banking, rejoins the firm only days after Steven Barg's resignation as head of GCM.

Asia veteran Peter Burnett is returning to the region to take up a new role as chairman of global capital markets GCM for Asia at UBS, according to sources. Burnett has a more than 20-year career with UBS, of which he has spent more than 15 years in Asia, but has had a break away from the industry for the past six months or so.

He is returning to UBS and Asia at a time when the bank has just lost two senior bankers in the region and his experience will be a welcome addition to the team. However, the sources stressed that he is not hired to fill the position...

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