Deals

UBS Hires Trio of Barclays Bankers in US Investment-Banking Push

  • Marco Valla to join as co-head of UBS’s global-banking unit
  • UBS hopes to expand ‘size and scope’ of investment bank in US
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UBS Group AG hired a trio of Barclays Plc bankers as the Swiss giant continues a push to expand its US investment-banking offerings.

Marco Valla will join as co-head of the global-banking division globally, alongside Javier Oficialdegui, according to a memo to staff seen by Bloomberg News. He replaces Ros L’Esperance, who will create a new corporate advisory group comprised of the firm’s most-senior client-facing bankers in each region.