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Former Barclays Russia head joins UBS i-bank

UBS GroupAG named Bob Foresman vice chairman of its investment bank,effective Oct. 3, Reuters reported Sept. 28, citing a memo.

Foresman, who previously served as head of 's , will be based in theU.S. and report to Andrea Orcel, head of UBS' investment bank.

A spokesman for the Swiss lender confirmed the contents ofthe memo, Reuters said.