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Moelis co-heads UBS investment bank as Tapner goes east

Ken Moelis is to become joint global head of investment banking at UBS, replacing Rory Tapner who is to lead the bank's Asian business.

Moelis, head of investment banking in the Americas since joining UBS in 2000, will remain in Los Angeles. He will co-head investment banking with London-based Robert Gillespie.

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