UBS AG has lost an integral component of its financial team after Oliver Radeke, its Head of German and Austrian financial institutions and Corporate Debt Capital Markets (DCM), parted ways with the bank, according to a Reuters report.
Mr. Radeke has relinquished his role with the Swiss lender after a two-year stint – in his stead, UBS has tapped Till Zuehlsdorff to replace him. Mr. Zuehlsdorff previously served as the Vice President (VP) at RBS in its Financial Institutions unit, a realm he will step into at UBS.
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The departure of Mr. Radeke comes amidst a time of restructuring for UBS’ DCM unit, which just three months prior put Roberto Speranza, its Head of Financial Institutions DCM for the Europe, Middle East and Africa (EMEA) at risk of redundancy.
Mr. Radeke has been a veteran of the financial services industry for nearly two decades. Prior to UBS, he worked at Deutsche Bank in a number of senior level roles, including positions as its Managing Director and Co-Head of Credit Structuring in Europe and Head of DCM, among others.
Earlier today, the wealth management unit of Swiss bank UBG AG added the ex-Morgan Stanley father and son duo of brokers Douglas Clayburn and Evan Clayburn. The two men have been managing over $240 million of assets at Morgan Stanley and generated $1.6 million in revenues from high net-worth individuals during the past year.