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LONDON, July 25 (IFR) - UBS has promoted Armin Peter to head of debt capital markets EMEA syndicate as part of an internal reshuffling of primary market coverage, the Swiss bank said on Thursday.
Based in London, Peter will be responsible for all of UBS's primary market activities including government, covered and senior bonds, as well as bank capital.
An industry veteran of 25 years, Peter has worked for a wide range of European financial institutions in brokering, trading and syndicate roles, and joined UBS to run the bank's covered bond business and syndicate in 2006 from HSBC.
More recently, he headed up the bank's covered business and financial flow syndicate, EMEA.
This is the latest in a series of job changes at UBS following its shock retrenchment from the fixed income business last October, culling 10,000 staff in the process, including the sovereign, supranational and agency business.
Its FIG outfit, however, was left relatively unscathed.
Peter is effectively filling a void left by Mark Wheatcroft, former head of syndicate for EMEA at UBS, who was let go as part of the bank's overhaul.
Months later, Wheatcroft took up a similar role at Mizuho International, and has recently been appointed as head of European primary debt markets and member of the executive committee at the Japanese bank.
As part of the last reshuffle, UBS has also appointed Hampus Falth as debt syndicate manager at UBS. Falth had been a euro government bond trader at UBS up until now, and will be replacing Anthony Tobin who left UBS for RBC in early May.