UBS Names Brazil CEO

UBS has named Sylvia Coutinho as CEO of UBS Group Brazil, it says, effective June 24. She replaces Lywal Salles, who retires. Coutinho comes to the role from HSBC, where she has been head of retail banking and wealth management for Latin America and asset management for the Americas. Coutinho will become the first woman to be a CEO of the Brazilian business for an international bank, UBS says.