Debt market round up: UBS finalizes DCM rejig

UBS has continued the revamping of its European debt capital markets business instigated by Roberto Isolani – who became head of fixed-income capital markets, for EMEA and APAC, at the start of this year.

The bank has sought to implement an integrated financing and risk management model for its fixed-income capital markets business.

Patrick O’Brien, European head of debt capital markets, is leaving the firm after 15 years. Philippe Jordan, who ran derivatives, and Andreas Schlotter, head of corporate DCM, are both leaving the DCM business but not necessarily the firm.

Allegra Berman and Mahnaz Safa continue their combined rapid rise – they are now joint heads of European corporate coverage and frequent borrowers.

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