UBS Said to Hire Credit Suisse's Bassan in Brazil Revamp

  • Executive said to start next month as managing director
  • Investment bank said also to be hiring in Colombia and Chile

UBS Group AG, the world’s biggest manager of money for the wealthy, hired Daniel Bassan from Credit Suisse Group AG as a managing director in Sao Paulo as part of a restructuring of its Latin America business, two people with direct knowledge of the matter said.

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