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UBS Names Paz-Galindo Global M&A Co-Head in Deals Shuffle

  • Philipp Beck to succeed Paz-Galindo as head of EMEA M&A: memo
  • David Descoteaux, Solon Kentas to be co-heads of Americas M&A
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UBS Group AG named Nestor Paz-Galindo as co-head of its global mergers and acquisitions group, part of a broader shakeup of the Swiss lender’s roster of dealmakers that also appointed a new head of technology, Jason Auerbach.

Philipp Beck will succeed Paz-Galindo as head of M&A for Europe, the Middle East and Africa, according to an internal UBS memo reviewed by Bloomberg. Paz-Galindo, who came to the bank in 2015 from JPMorgan Chase & Co., will officially take up the role, alongside co-head Marc-Anthony Hourihan, in 2021 after a transition period.