UBS has hired a senior salesman from Citigroup to run European rates sales, placing him in a senior role at the Swiss bank's fixed income business as it continues to undergo a restructuring.

Mark Tinworth, who had been head of UK real money rates sales at Citi, has left the US bank and will join UBS later in the summer as head of rates sales for Europe, the Middle East and Africa, according to people familiar with the matter.