UBS's Asia ex-Japan head of credit market syndicate, Paul Au, was let go by the bank on Monday, according to sources familiar with the situation. His origination counterpart, Patrick Liu, co-head of Asia debt financing group, also departed the same day, the sources added.
A Hong Kong-based spokesman for UBS confirmed the departures on Tuesday.
The departures come less than nine months after the Swiss lender created a new Asia debt-financing group by merging its debt capital markets and leverage finance operations in the region in March.
It is not immediately clear whether their departures are related to UBS's recent...