UBS Group AG is merging its Asia-Pacific equity and debt capital market businesses, according to an internal memo seen by S&P Global Market Intelligence.
The Swiss bank said by merging the two groups, it can better serve clients and allocate resources more flexibly.
Further, the bank appointed ?Gaetano Bassolino as head of Asia-Pacific capital markets, the memo to bank staff said. Bassolino is currently regional head of the debt capital market business.
The changes take effect immediately.
