UBS 25-Year Asia Veteran Departs Ahead of New Wave of Job Cuts

UBS Group AG’s Eric Lafon has left the Swiss lender after more than 25 years in one of the most senior departures at its Asia global markets division, according to people familiar with the matter.

Lafon, the global co-head of distribution in Singapore, left late last year in a mutual agreement with the bank, the people said, asking not to be identified because the matter is private. A representative for UBS Asia declined to comment. Lafon didn’t respond to requests seeking comment.