The former market leader of Merrill Lynch Wealth Management in the UK and Ireland, Nick Tucker, who left the bank this summer, is due to start on Monday at the private banking arm of Swiss rival UBS.

Tucker, who spent over a decade at Merrill Lynch in various roles in London, Dubai, Sydney, and Monte Carlo, left in July to take a short break from working life. He was replaced by Adam Horowitz as acting head of UK, Ireland and Israel.