Less than one month after he was given a new role as chairman of the investment bank at UBS, Alex Wilmot-Sitwell has left the firm to join the flow of former colleagues who have moved across to Bank of America Merrill Lynch.
However, unlike many of the former UBS bankers who are now putting their stamp on BoA Merrill in Asia, Wilmot-Sitwell is heading for London and a non-Asia-focused role.
An internal announcement about the hire signed by BoA Merrill’s co-chief operating officer, Tom Montag, said Wilmot-Sitwell is joining the bank in the coming months as president for Europe and emerging markets excluding...