ubs-hires-and-fires

UBS hires, and fires

The Swiss bank hires a team of natural resources bankers from Lehman Brothers for its investment banking business in Asia, while the head office in Zurich announces more job cuts.

By Anette Jönsson

October 05, 2008

UBS has hired a team of investment bankers from Lehman Brothers in Asia which focuses on natural resources, according to a press release. The team is led by Jorge Martinez, who was previously head of natural resources at Lehman and at UBS will head up the oil and gas group in Asia. It also includes Anthony Carango, Scott Wilson and Jia Zhai.

UBS said the new team will further strengthen its oil and gas capabilities as well as its top-ranked investment banking business. However, Martinez and his colleagues are joining the bank at a time when it is not exactly smooth sailing.

A couple of hours before UBS in Hong Kong announced these new hires,...

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