Further shake-ups at UBS investment banking

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UBS has overhauled the leadership of its investment banking unit, appointing new co-chief executives Alex Wilmot-Sitwell and Carsten Kengeter. They took over from Jerker Johansson after he resigned with immediate effect on April 27.

Kengeter is a relative newcomer to UBS, having been appointed global head of fixed income, currencies and commodities within the investment banking division last September, with co-head Jeffrey Mayer appointed a month later. Kengeter was formerly co-head of

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