UBS poaches Nomura exec

City A.M. Reporter
SWISS bank UBS has hired Shaun Treacy from Nomuraas co-head of its all industries group in Asia, according to an internal memo.

In June the bank appointed Nick Hassall as global head of its consumer products and retail group, moving him from Hong Kong to London to take advantage of non-Asian companies’ interest in the Asian consumer sector.

Similarly, the bank hopes Treacy's experience in natural resources will help it capture increasing Asian interest in assets outside the region. He will start his new role in January.