UBS reshuffle

Wilmot-Sitwell named chairman of UBS investment bank

In his new role, Alex Wilmot-Sitwell will become the most senior client relationship banker within the investment bank, leaving Chi-won Yoon as the sole CEO for UBS in Asia-Pacific.
Alex Wilmot-Sitwell
Alex Wilmot-Sitwell

In connection with the news early Friday that UBS has poached Andrea Orcel from Bank of America Merrill Lynch to become co-CEO of its investment bank alongside Carsten Kengeter, the Swiss firm also announced that Alex Wilmot-Sitwell will become chairman of the investment bank.

Wilmot-Sitwell is currently co-CEO at UBS in Asia-Pacific and his new appointment means that Chi-Won Yoon will once again become the sole CEO for the region.

The changes in Asia-Pacific will take effect on April 1 and come just 18 months after Wilmot-Sitwell was transferred to Asia to take on the co-CEO role alongside Yoon. His new appointment will see him return...

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