UBS Group AG promoted Nestor Paz-Galindo, who previously led M&A for private equity at the bank, to head its M&A business for Europe, the Middle East and Africa, Financial News reported Aug. 10, citing people familiar with the matter.

Paz-Galindo replaces Séverin Brizay, who left UBS earlier in 2018 to join Bank of America Merrill Lynch International Ltd. as head of consumer and retail investment banking for EMEA.