Esteves Moves Up at UBS

Andre Esteves has been promoted to global head of fixed income at UBS Investment Bank, from chairman and CEO of the firm’s LatAm business. He will relocate from Brazil to London and oversee all fixed income products across all regions. Despite the move and different time zone, Esteves will remain responsible for Latin America. Esteves was the managing partner of Banco Pactual, which was acquired by UBS in 2006. Esteves replaces Simon Bunce, who after 18 years with the firm has decided to leave and pursue other opportunities, according to an internal memo from Huw Jenkins, Chairman and CEO of UBS Investment Bank.