UBS Says Orcel to Join Investment Bank as Co-CEO Effective July

UBS AG (UBSN) said it hired Andrea Orcel from Bank of America Corp. (BAC) as co-chief executive officer of its investment bank.

Orcel will take the position effective July 1, UBS said in a statement.

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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