A UBS dealmaker in London has departed. The retail sector expert takes over as CFO of a manufacturer of meat substitutes.
Julie Sonies, most recently employed at UBS in London as a managing director, joined Redefine Meat as a chief financial officer (CFO) at the beginning of the year, «Financial News» (behind paywall) reports. The Israeli company specializes in 3D printers for the production of plant-based artificial meat products.
Sonies joined UBS in 2019 from Deutsche Bank, where she worked on the investment bank's consumer and retail team, having previously worked at Goldman Sachs and Merrill Lynch.
Insect Proteins
This is not the first move from UBS into the alternative foods sector. In November 2021, Isabelle Toledano-Koutsouris joined Ÿnsect, a producer of natural insect proteins and fertilizers, as CFO. She led the private capital markets business for Europe, the Middle East, and Africa at UBS.
Several longtime and high-ranking bankers have left UBS in recent months. Mark Lewisohn left in November after more than 30 years, while David Soanes, one of UBS's most senior investment bankers, left in October.
Bucking the Trend
While several other banks are cutting investment banking jobs, including Credit Suisse and Goldman Sachs, UBS is bucking the trend. CEO Ralph Hamers recently emphasized that the bank was still in «growth mode.»
