Wannenmacher to join UBS 21 April 2011Tokyo Reporter: Ben Wilkie
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Tim Wannenmacher is to join UBS as head of prime services for the Asia-Pacific region. He will replace David Gray, who has left the bank after 17 years.
Wannenmacher was previously global head of prime services and delta one at Nomura, having been part of the team that moved over from Lehman Brothers following that bank's default.
“Tim brings with him a wealth of experience and was instrumental in building out the prime services business for both Lehman and then Nomura in terms of revenues, product and breadth of coverage,” according to an internal UBS memo obtained by Reuters.
Wannenmacher is expected to start in his new role in May.
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