The former global co-head of rates at UBS is to resurface at Japanese bank Mitsubishi UFJ three months after he exited the Swiss bank under a restructuring of its fixed-income, currencies and commodities business.

Sascha Prinz, who was previously global co-head of rates with David Sacco until both exited UBS in January as part of its restructuring, is expected to join MUFJ in London next month, according to a senior source with knowledge of his move.