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UBS to Name Stephenson, Oficialdegui to Lead Dealmaking Unit

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UBS Group AG is preparing a sweeping shake-up of its investment bank, elevating two executives to oversee dealmaking around the globe and combining its trading units, according to people with knowledge of the plan.

Ros Stephenson and Javier Oficialdegui will be put in charge of investment banking, which includes advising on corporate takeovers and raising funds through stock and bond sales, the people said, asking not to be named because the appointments are still confidential. The combined trading unit will be led by Jason Barron, head of equities, and George Athanasopoulos, who runs the foreign exchange, rates and currencies business, one of the people said.