UBS beefs up DCM team

UBS is expanding its debt capital markets team and has made two new hires during the past couple of weeks. Eric Sim has joined as a managing director for corporate solutions, reporting to Guy Wylie, head of debt capital markets, Asia, and Lutfey Siddiqi, head of fixed income corporate coverage for Asia-Pacific and forex distribution, according to an internal memo.

Sim, who is based in Hong Kong, joined about two weeks ago. He will pursue “derivative opportunities on the back of DCM events” the memo said, adding that he will also provide risk management solutions and hedging ideas, as well as working closely with colleagues in fixed income, currency and...