UBS AG's (UBSN.VX) global co-head of M&A, Cary Kochman, is among four senior bankers to leave the Swiss bank on Wednesday, dealing yet another blow to a firm grappling with an exodus of dealmakers. Kochman, who was named global co-head of mergers and acquisitions only in March, left for Citigroup Inc (C.N) along with colleagues Jim Glerum and Justin Friesen. Friesen was deputy head of U.S. M&A at UBS, while Glerum headed diversified industrial banking. London-based global co-head Liam Beere, who was promoted at the same time as Kochman, continues with the bank, UBS said on Wednesday. Kochman, Glerum and Friesen, all based in Chicago, are joining former colleagues who have moved from UBS to Citi recently, including Kevin Cox and Francis Tucci.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 3.65% or $-1.5/share to $39.65. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40474000 shares of C exchange hands on a given day and today's volume is recorded at 41975116.
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