UBS Poaches Deutsche Bank's Michael Santini for Senior Investment-Bank Role

By Dana Mattioli 

UBS AG has hired Michael Santini away from Deutsche Bank AG, just weeks after the German bank promoted him.

In his new role, which he will begin in early 2017, Mr. Santini will be executive vice chairman in UBS's investment bank, according to an internal memo sent Tuesday and viewed by The Wall Street Journal. He will report to UBS's investment-banking chief, Andrea Orcel.

Mr. Santini, who previously co-headed Deutsche Bank's industrial investment-banking group, was earlier this month elevated to vice chairman of Americas corporate finance at the German bank.

At UBS, Mr. Santini will be responsible for developing the Swiss bank's client relationships, focusing on companies and private-equity firms globally. Mr. Santini will also become a member of UBS's Americas executive committee, according to the memo.

Mr. Santini started at Deutsche Bank in 2009 and has worked to build the bank's industrial group. While at Deutsche Bank, he advised clients such as General Electric Co., Colfax Corp., Danaher Corp. and Marriott International Inc. on a number of transactions. Prior to joining Deutsche Bank, Mr. Santini spent 15 years at what is now Bank of America Corp. and eventually co-headed the investment bank's multi-industry group in the Americas.

Mr. Santini is the latest UBS investment-bank hire in the U.S. In October, UBS announced that Bob Foresman would join as vice chairman.

UBS currently has a role in British American Tobacco PLC's proposed $47 billion tie up with Reynolds American Inc. The bank also advised Jarden Corp. on its nearly $15 billion sale to Newell Brands Inc.

Write to Dana Mattioli at [e-mail]

(END) Dow Jones Newswires

November 30, 2016 13:09 ET (18:09 GMT)

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