UBS Confirms Centola as Brazil IB Head

UBS has confirmed that Eduardo Centola will be CEO of the investment bank in Brazil. Lywal Salles will join him as chairman of UBS Group Brazil, while Daniel Mendonca Barros will become CEO of the UBS broker-dealer and Head of the UBS Securities business in Brazil, after the closing of UBS’s acquisition of Link Investimentos. All 3 will be based in Sao Paulo. Centola joins from Standard Bank where he served as CEO of the Americas, and will report to Raul Esquivel, head of UBS Investment Bank for LatAm, and Salles. Salles will report to Robert Wolf and Raul Esquivel, head of UBS investment bank for LatAm.