The promotion comes after Kendall plays an instrumental role in moving the firm’s Asian ECM business in a new and significantly more profitable direction in the past year.
UBS declines to comment on whether it has hired Damien Brosnan from Morgan Stanley, but confirms that its former head of syndicate, Ross Baildon, resigned from the firm yesterday.
UBS poaches Kenneth Kwok from Deutsche Bank as president, Greater China for the investment bank, responsible for delivering products to its ultra wealthy private bank clients.
John Sturmey gives up his co-head of Asia GCM role less than a year after returning to UBS, as the bank's new global head of GCM David Soanes puts his mark on the team.
Stuart Mackay is appointed head of ECM origination for Asia ex-China and Sam Kendall will return from London to replace him as head of Asia syndicate. The moves follow the resignation last week by Asia ECM head Mark Williams.
Sam Kendall will move to London to become head of equity syndicate for EMEA, but will retain his ties to Asia through a new role as global head of blocks.