The Swiss bank has hired Sandra Carpentieri as head of southern European sales, covering Italy, Spain, Portugal and Greece. Carpentieri had previously been employed by Deutsche Bank, and resigned from the bank in May. She will report to Richard Longmore, head of EMEA FX sales. UBS has also hired Raffaello Sarlo for FX sales to Italian institutions, reporting to Carpentieri. Sarlo was previously employed by Credit Suisse and reported to Enrico Casini. Carpentieri and Sarlo will be based in London, and will cover banks, real money and hedge funds.
In 2011, UBS was ranked third in southern Europe with banks, real money and hedge fund clients. It was behind Barclays and HSBC, with a market share of 11 % – lagging its overall top position for western Europe, where it overtook Deutsche Bank with a market share of 15%.