UBS has promoted Matt Hanning to head of investment banking for Asia Pacific, replacing Matthew Grounds, who will focus on running the Swiss bank’s Australian business, according to an internal memo seen by FinanceAsia on Monday.
Hanning’s title will be Asia-Pacific head of corporate client solutions CCS, which encompasses capital markets and advisory. Hanning will also join the global UBS investment banking executive committee, a significant leg up.
The move is effective immediately, according to the memo signed by Andrea Orcel, global CEO of investment banking, and Chi-Won Yoon, UBS’s Asia-Pacific CEO.
The new position gives Hanning a slightly wider...