UBS Names New Latin America Heads

UBS has named its new management heads for Latin America, following the acquisition of Brazilian Banco Pactual at the beginning of May. Andres Esteves, currently managing partner of Pactual has been named CEO and chairman of UBS Latin America, reporting to Huw Jenkins, CEO of UBS Investment Bank. Jürg Haller, currently global head, products and services for UBS Global WM&BB, will become chief operating officer, deputy CEO and deputy chairman of UBS Latin America operations, reporting to Esteves. He will oversee the integration of Pactual and the existing UBS business in Brazil. The management appointments will become effective once the acquisition of Banco Pactual closes, which is expected for September.