UBS made two appointments at Asia debt capital markets as it continues to improve efficiency at the local bank. The two bankers are experts taken from within the Swiss bank, as finews.asia can reveal.
UBS appointed Kevin Cui and Terry Schmassmann as co-heads of Asia debt capital markets (DCM) across Asia Pacific, a move confirmed by a UBS spokesman.
Cui joined the bank in August 2017 from Swiss rival Credit Suisse. Schmassmann joined UBS’ DCM syndicate in Hong Kong last year, coming from the Zurich-based DCM team. Both are based in Hong Kong and will report to Tim Galt, head of Asia Pacific DCM.
In March, UBS said it was merging its equity and debt capital market businesses in Asia Pacific. The move – as finews.asia reported – was meant to improve efficiency across the units.
