UBS AG (UBSN.VX) named Aryeh Bourkoff, a technology, media and telecoms investment banker, as the new head of investment banking for the Americas, according to an internal memo obtained by Reuters on Tuesday. Separately on Tuesday, UBS said global securities head Neal Shear was leaving the company, according to an internal memo obtained by Thomson Reuters IFR. [ID:nN15275471] Shear's departure has been somewhat expected. UBS hired Morgan Stanley (MS.N) veteran Shear a little over a year ago, but abruptly removed his responsibilities in a management reshuffle earlier this month. [ID:nN02186340]
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