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UBS Loses Fifth Analyst in Exodus From Japan Equity Desk

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UBS AG, Switzerland’s biggest bank, said that four Tokyo-based equity analysts and its chief stock strategist Shoji Hirakawa have left the firm.

Mariko Eguchi, a Tokyo-based spokeswoman for the bank, confirmed the departures in phone interviews. She declined to comment on the timing of the moves, whether they were voluntary, whether the employees were replaced or how many people are left on the equities desk.