On the Move

UBS shakes up core banking unit as Carnegie-Brown steps back

Fergus Horrobin will be global head of consumer, healthcare and real estate investment banking in an overhaul of senior ranks of the unit

UBS shakes up core banking unit as Carnegie-Brown steps back
Photo: AFP/Getty Images

UBS named new leaders of a core investment banking unit and hired the head of investor relations from GlaxoSmithKline to cover the booming healthcare sector.

The Swiss bank named Fergus Horrobin as global head of consumer, healthcare and real estate investment banking, according to an internal memo seen by Financial News, as part of a series of changes to the senior ranks of the unit.

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