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UBS hires senior Macquarie analyst after cuts

UBS has maintained one of the largest research divisions in Europe at a time when some competitors have been cutting back

UBS has hired a senior research analyst from Macquarie just weeks after the Australian banking group announced a retreat from its European equities business.

The Swiss bank has hired Sreedhar Mahamkali as a managing director in its food retail equity research team, a spokeswoman confirmed.

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