Neal Shear is now global head of securities at UBS Investment Bank, and will be based in Stamford.
Shear was most recently co-head of sales and trading at Morgan Stanley, equities and fixed income. He is an original founding member of the company's global commodities business.
In addition, UBS appointed Roberto Hoornweg as global head of securities distribution, and noted he will be based in London.
Hoornweg worked 17 years at Morgan Stanley where he was most recently head of global interest rates, credit and currencies.
Following these appointments, Carsten Kengeter will relinquish his additional role as joint global head of FICC. Rajeev Misra, global head of credit, and Dimitri Psyllidis, global head of macro, will take on additional responsibility as joint global heads of FICC.
Jeff Mayer will take on the new role of executive chairman of FICC. Neal, Roberto, Rajeev and Dimitri will become members of the Investment Bank Executive Committee.
About the company:
UBS is headquartered in Zurich and Basel, Switzerland. The global firm provides financial services to private, corporate and institutional clients with focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management.
UBS has offices in more than 50 countries, with about 36 percent of employees working in the Americas, 36 percent in Switzerland, 15 percent in the rest of Europe and the remainder in Asia Pacific.
UBS shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
