August 2008

Investment banking: UBS puts its best foot forward in the Gulf

Like other global investment banks that are rushing to send their best talent to the Gulf, UBS is seeking to take advantage of the opportunities there.


"I can think of few places in the world where the client overlap between wealth management, asset management and the investment bank is more obvious"
Alex Wilmot-Sitwell, UBS

In a bid to boost its presence in a region that is one of its weak spots, it made a number of senior appointments in the Middle East last month. These include a new, Gulf-based, regional chief, Per Larsson. Peter Burnett, Larsson’s predecessor, was based in London.

Until recently, Larsson was chief executive of Borse Dubai and the Dubai International Financial Exchange (DIFX).

Larsson’s appointment as chief executive for the Middle East...


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