UBS Taps Centola For Brazil

Eduardo Centola has resigned as head of corporate investment banking for the Americas for Standard Bank, and will be going to UBS, according to a representative at Standard. He is expected to lead the rebuild of UBS’ investment banking division in Brazil. UBS declines to comment on the news, though a person close to the company says confirmation will be issued shortly. Centola joined Standard from Goldman Sachs in 2009, one of several who left Goldman for Standard that year, particularly on the Brazil M&A side. He was co-head of LatAm investment banking at Goldman. To counter a slew of senior LatAm IB, UBS has been quietly staffing up in a variety of product areas this year, and had been expected to make senior Brazil appointments. According to UBS, since it bought Brazilian brokerage Link Investimentos for BRL195m in April, it has jumped to fourth by market share of cash equity trading market, from seventh previously.