UBS Names Novakovic Head of Investment Bank in Switzerland

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UBS AG appointed Christine Novakovic as head of its investment bank in Switzerland, replacing Peter Guenthardt, who left the bank last month.

Novakovic will also take over leadership of the Swiss corporate client solutions business, which includes underwriting bonds and stocks and advising on mergers and acquisitions, according to a memo to employees today. A UBS spokeswoman confirmed the memo’s contents. Novakovic will assume the new responsibilities in addition to her role as head of corporate and institutional clients in Switzerland.