UBS has appointed new co-heads of its prime brokerage business in Europe, the Middle East and Africa, following the departure of the previous head earlier this month to join a firm being set up by the former head of Goldman Sachs' largest internal hedge fund.

The Swiss bank, one of the largest serving hedge funds, has named Ashley McLucas and Charlotte Burkeman as co-heads of the business. The pair will report to Stu Hendel, global co-head of prime services, and Francois Gouws, who was made co-head of its global equities business last week.