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.
