UBS AG (UBS.N) (UBSN.VX) has seen a revolving door of U.S.-based investment bankers in recent months, and it's counting on Aryeh Bourkoff to staunch the talent bleed. Bourkoff, a well-known media banker who had a meteoric rise to the top, took over as head of Americas investment banking at the Swiss firm in March and is expected to hire several bankers to beef up the U.S. M&A team. UBS has seen scores of M&A bankers leave in the last three years as the financial crisis hit the Swiss bank hard and forced it to put unpopular curbs on compensation. The bank's latest high-profile departures came this week, when Kevin Cox, the man Bourkoff replaced, left for Citigroup Inc (C.N) after nearly a decade at UBS, and James Metcalfe, global head of power and utilities, left for an infrastructure investment firm.
UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. Shares of UBS fell by 0.16% or $-0.03/share to $19.17. In the past year, the shares have traded as low as $12.26 and as high as $20.08. On average, 3792670 shares of UBS exchange hands on a given day and today's volume is recorded at 3068785.
Citigroup Inc. (Citigroup) is global a diversified financial services holding company. Shares of C traded higher by 0.89% or $0.04/share to $4.52. In the past year, the shares have traded as low as $3.53 and as high as $5.15. On average, 419319008 shares of C exchange hands on a given day and today's volume is recorded at 512758144.
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