UBS Hires HSBC’s Barter to Be Co-Head of U.K. Investment Banking

Apr 25, 2014 11:55 am ET

April 25 (Bloomberg) -- UBS AG, Switzerland’s largest bank, is hiring HSBC Holdings Plc’s William Barter as co-head of its U.K. and Ireland corporate client solutions unit.

He will jointly run the division, which excludes trading businesses, with David James, UBS said in a memo to staff obtained by Bloomberg and confirmed by a spokesman in London. HSBC said in a memo this week that Barter is leaving the bank after a year as co-head of U.K. banking within its securities unit, and named Natalie Blyth and Alan Thomas as co-heads to replace him.

Barter is a former head of U.K. investment banking at Nomura Holdings Inc., and left the company in 2012 following a reorganization at the Japanese firm’s investment bank. He has also worked at Citigroup Inc. He wasn’t available to comment at his offices at HSBC in London.

Andrea Orcel, the chief executive officer of UBS’s investment bank, has hired other senior Nomura dealmakers including Piero Novelli, now global chairman of mergers and acquisitions, and William Vereker, who was appointed in 2013 to run corporate client solutions in Europe. The bank hired Nomura banker Jean-Philippe Favre to run its utilities business in Europe, the Middle East and Africa this year.

*T
To contact the reporter on this story:
Ambereen Choudhury in London at achoudhury@bloomberg.net
To contact the editors responsible for this story:
Keith Campbell at k.campbell@bloomberg.net
Steve Bailey