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UBS reshuffles its senior equities team

INVESTMENT bank UBS yesterday announced some new names at its equities team after poaching a handful of top bankers from rivals Goldman Sachs and Morgan Stanley.

UBS said Salvatore di Stasi, formerly a managing director in the European financing group at Goldman, had joined as global head of corporate equity derivatives.

The bank has also appointed Neal Shear and Roberto Hoornweg from Morgan Stanley as global head of securities and global head of securities distribution.

Di Stasi, who was responsible for covering sovereign wealth funds and led the private finance and permanent capital teams at Goldman, also previously spent time at JP Morgan, eventually making his way up to become European head of corporate equity derivatives.

Shear, 55, was an original founding member of Morgan Stanley’s global commodities business and was most recently co-head of sales and trading across equities and fixed income at the firm, while Hoornweg, 41, was head of global interest rates, credit and currencies.

Both Shear and Hoornweg will also become members of UBS’s investment bank executive committee.