Asia IPO Bankers Continue Game of Musical Chairs With UBS Moves

The recent game of musical chairs is continuing for bankers selling initial public offerings in Asia, with UBS Group AG the latest to announce changes.

UBS appointed Hannah Malter as Asia head of equity capital markets syndicate, effective immediately, it said Monday in an internal memo obtained by Bloomberg. Malter, who formerly worked as Asia-Pacific chief of staff at the bank, is getting the new role just weeks after rejoining the ECM team to focus on Asia-into-U.S. IPOs.

It was only last month that UBS restructured its capital markets group in Asia, combining the businesses that handle stock offerings and debt sales under a single leader. UBS also announced Monday it’s promoting former syndicate head Andrea Casati to vice chairman of Asia Pacific ECM, the memo shows. A spokesman for UBS confirmed the contents of the memo.

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