UBS replaces global head of fixed income

Andre Esteves has been appointed global head of fixed income at UBS after the departure of predecessor Simon Bunce.

Esteves was formerly chairman and chief executive of the bank’s Latin American business, UBS Pactual, based in Brazil. He was also managing partner at the firm prior to its takeover by the Swiss bank in 2006.

In his new role he relocates to London. He remains on the group’s managing board and reports to Huw Jenkins, chairman and chief executive of the investment bank. He also retains