UBS Brazil Investment-Banking Chief Eduardo Centola Leaves After 15 Months

UBS AG (UBSN), Switzerland’s biggest bank, said that Eduardo Centola, head of investment banking in Brazil, has left after 15 months at the firm.

Lywal Salles, chairman and chief executive officer of the bank’s business in Brazil, will assume Centola’s duties on an interim basis, Zurich-based UBS said yesterday in an e-mailed statement. UBS didn’t give a reason for the departure.

Centola, 42, joined UBS in October 2010 from Standard Bank Group Ltd., where he was CEO for the Americas. He is a former managing director at Goldman Sachs Group Inc.

“We wish him continuing success in his career,” Robert McCann, UBS’s CEO for the Americas, said in the statement. The firm said it’s committed to building an integrated bank in Brazil with a “strong, local” investment-banking unit.

Centola didn’t respond to messages seeking comment.

To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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