Investment Banking

UBS poaches recently-promoted Deutsche banker

New arrival will focus on developing relationships with companies and private equity firms globally

UBS poaches recently-promoted Deutsche banker
Photo: iStockPhoto

UBS has hired Michael Santini away from Deutsche Bank, just weeks after the German bank promoted him.

In his new role, which he will begin in early 2017, Santini will be executive vice chairman in UBS's investment bank, according to an internal memo seen by The Wall Street Journal. He will report to UBS's investment banking chief, Andrea Orcel.

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