Castano Departs UBS DCM

Antonio Castano, executive director in the LatAm DCM group, has left UBS, according to a source at the company. Castano, a former deputy general director of public credit in Mexico, joined the Swiss bank in early 2004. The recent departure leaves Marcelo Delmar as the only senior person left in the shop’s DCM group following various rounds of departures that saw the exit of Nadine Cavusoglu and Jorge Barreda earlier this year. As with most other firms, the bank is downsizing its debt team in line with anticipated shrinkage in issuance volume next year.