Scant detail was available this morning on the personnel who will be at the heart of UBS’ restructured investment bank, which is set to retain at least part of its fixed-income trading business.

The revamped division will be led by Andrea Orcel and comprise two units: corporate client solutions and investor client services. These are expected to generate a third and two thirds of the investment bank's revenues, respectively, and account for 15% and 85% of its risk-weighted assets.