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UBS Hires Maellare as Co-Head of Financial Sponsors EMEA

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Nov. 5 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, named Simona Maellare as a managing director and co-head of the banks team advising private-equity clients in Europe, the Middle East and Africa.

Maellare will run the financial sponsors team with Michael Abraham in the region, William Vereker, head of corporate client solutions, said in a memo to employees today. Maellare spent the past seven years at Bank of America Corp. in London in a similar position, according to the memo confirmed by a spokeswoman.

Mark Gallagher, previously the co-head of financial sponsors EMEA, becomes chairman of financial sponsors and retains responsibility for corporate client solutions in Ireland, Vereker said in the statement.

Maellare and Abraham will both report to James Hartop, CCS EMEA head of coverage and advisory.

A spokeswoman for Bank of America didn’t immediately respond to telephone requests seeking comment.

To contact the reporter on this story: Kiel Porter in London at kporter17@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net