UBS parts company with investment bank chief

UBS has replaced its head of investment banking, Jerker Johansson, after 13 months in the role. Johansson resigned with immediate effect on April 27.

He joined UBS in March last year after 22 years at Morgan Stanley, where was vice-chairman for Europe. Johansson also held the roles of head of institutional equity and co-head of the combined equity and fixed-income sales and trading businesses.

Replacing Johansson, UBS has named Alex Wilmot-Sitwell and Carsten Kengeter as co-chief executives of the

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