November 14, 2016 |
UBS made two senior hires in September and October, extending its recruitment spree in Latin America as it seeks to rebuild its presence in the region’s capital markets.Luis Estrada joined as head of Latin American macro trading in October, from Deutsche Bank, where he was a director in fixed income real rates. UBS also nabbed Douglas Chen, from Itaú BBA, to lead its emerging markets syndicate desk for the Americas in September. Chen was a fixed income managing director at Itaú, having joined the Brazilian bank in 2008 from Deutsche Bank.The two appointments are the latest in a series of important hires at UBS across Latin American mergers and acquisitions and debt and equity capital markets
Swiss bank raids competitors to build up regional capital markets footprint.