Robert Karofsky has been appointed sole President UBS Investment Bank, following Piero Novelli’s decision to retire from the banking industry to pursue new opportunities, including non-executive chairman positions and roles in academia teaching finance and business. Novelli will step down as Co-President Investment Bank on 31 March 2021. “Together, Karofsky and Novelli successfully reshaped the…
UBS has hired Lynn Hunter, a Market Administrative Officer who will lead business administration, financial management, talent development and operations across eight UBS branches in San Diego. Hunter will focus on leading and mentoring operational and administrative teams within the market to deliver a compelling client experience for High Net Worth and Ultra-High Net Worth…
UBS announced it has opened its fifth office in India. Located in Hyderabad, the new facility will provide UBS businesses with additional capabilities in finance, operations and research. UBS currently operates from offices in Pune (Yerwada and Kharadi), Navi Mumbai (Airoli) and in the Bandra Kurla Complex in Mumbai. “UBS is in India for the…
IGT, the global leader in gaming, announced that its wholly-owned subsidiary Lottomatica Holding S.r.l. has signed a definitive agreement to sell one hundred percent (100%) of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital…
Andy Brown and Moritz Baier-Lentz have joined Zytara’s board of advisors. Andy Brown is the CEO of Sand Hill East, which provides strategic management, investment and marketing services to companies. Mr. Brown served as Group Chief Technology Officer of UBS, an investment bank. Prior to that, Mr. Brown served in a variety of executive management…
UBS, a Global firm providing financial services, has appointed Uday Odedra as India Country Head, effective 1 January 2021, in addition to his current role as Head Group Technology in the APAC region. Harald Egger, Head Group Corporate Services and Country Head India has been nominated as Chairman for UBS India, a newly-created role reflecting…
Cloud9 Technologies, a US-based voice collaboration and analytics firm that offers advanced trader communication, voice analytics and transcription solutions, announced that it has completed a $17.5 million Series B funding round led by a strategic investment from UBS. Existing investors that took part in the funding round include J.P. Morgan and Barclays. “Our decision to…
As the death toll due to the deadly coronavirus reached over 800, the World Health Organisation declared it a Public Health Emergency of International Concern. Coronavirus has shut forced the Chinese economy on its knees with many analysts failing to predict the growth of the nation after this pandemic. In an attempt to help out…
Hitachi, Ltd. the Japanese multinational conglomerate company headquartered in Tokyo, today announced that it has decided to acquire the world-leading power grids business from Switzerland based ABB Ltd and has signed an agreement with ABB. The firm plans to initially acquire an 80.1% stake in the Power Grids business and expects to close the acquisition…