UBS appoints Porritt head of FIG for Asia

UBS has appointed London-based Patrick Porritt as the new head of its financial institutions group FIG in Asia. He replaces Ren Wang, who left a couple of weeks ago to join Jefferies.

Porritt has been with UBS since 1997 and last year was named joint head of FIG for Europe, the Middle East and Africa Emea. He first joined the FIG Emea team in 1999 and, according to David Chin, UBS’s head of investment banking for Asia, he is a “seasoned FIG banker” who has worked on many cross-border transactions involving Asian companies. Hence, he is no stranger to the region.

His principal focus has...