UBS eyes resources deals in M&A leadership shake-up

Greg Peirce will be sole head of Asia-Pacific M&A, while a pair of China-focused bankers will drive deals in the promising resources sector.

UBS is reorganising its mergers and acquisitions business for Asia-Pacific region, betting on increased activity as Chinese companies gear up for a fresh round of deals, especially in the resources sector.

As part of the restructuring, UBS has handed Greg Peirce full responsibility for its mergers and acquisitions business for Asia-Pacific region, the bank said in an internal memo seen by FinanceAsia this week.

Peirce's former co-head of MA, Pei Shen Chou, takes on a new role as head of Asia natural resources amid expectations that deals in the sector will heat up as China seeks deals overseas to improve its energy security...

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