Alex Wilmot-Sitwell, one of UBS’s most senior investment bankers, has left the firm. Euromoney understands that Wilmot-Sitwell will join Bank of America Merrill Lynch as regional head of Europe and head of emerging markets ex-Asia.
Wilmot-Sitwell brings a wealth of experience and client contacts to BAML. He was previously co-CEO of UBS’s investment bank in Europe and head of client coverage. He was highly regarded at UBS and generated a lot of loyalty among his reporting groups.
It is an important hire for BAML, which has suffered an exodus of senior management in recent months. Other than Orcel, the president of EMEA, Jonathan Moulds, is about to retire from the firm; most recently Michael Rubinoff, former co-head of investment banking, quit the firm this week.