Only seven months after taking up the role, the co-head of equity capital markets for Asia at UBS is said to be leaving the Swiss bank by the end of the year.
The departure of Damien Brosnan comes only seven months after the former head of Asia equity syndicate, took up his most recent position, and comes as the Swiss bank is restructuring its Asian investment bank, according to a report from «Reuters»
Peihao Huang, who was co-head with Brosnan, will now take over as sole head of equity capital markets.
Dozens of Job Cuts
finews.asia reported last month and in August on other departures at UBS Investment Bank in Asia.
With meagre deal volumes the Swiss bank is said to be cutting nearly two dozen jobs in its Asian investment banking business in Hong Kong and Singapore, as part of an aggresive push to reduce costs.
