UBS To Relocate Heads Of Investment Banking

November 18, 2015

NewsStandOnline.Net (18-November-2015): UBS today said that Ding Xiaowen and Bi Xuewen, who oversee corporate client solutions for UBS Securities, the firm’s Chinese venture, will join the China investment-banking team in Hong Kong, according to an internal memo.

Jiang will shift to Beijing to head corporate client solutions on the mainland once he has the required license, according to the memo, which was confirmed by a spokesman.

UBS To Relocate Heads Of Investment Banking

The moves will help the bank strengthen collaboration between the offshore and onshore teams and develop bankers’ capabilities to do international deals, according to the document.

Goldman Sachs integrates its China teams by assessing its Beijing-based bankers the same way as its bankers globally and paying all of them from one fee pool.