UBS Investment Bank said Monday that it has hired two veteran investment bankers, naming Neal Shear global head of securities and Roberto Hoornweg global head of securities distribution.
Shear, 55, will work in Stamford, Conn., while Hoornweg will work from UBS' London office.
Both Shear and Hoornweg, 41, worked for Morgan Stanley before joining UBS. Shear was co-head of sales and trading at Morgan Stanley, while Hoornweg served as head of global interest rates, credit and currencies.
“Neal will be responsible for driving a more aligned approach across equities and FICC [fixed income, currencies and commodities], a cornerstone in our strategy for an integrated client-centric investment bank built around flow and advice," said Carsten Kengeter, co-chief executive of UBS Investment Bank, in a statement about Shear's hire.
Additionally, Kengeter will give up his additional role as joint global head of FICC. Rajeev Misra, global head of credit, and Dimitri Psyllidis, global head of macro, will assume extra responsibilities as the joint global heads of FICC.
Jeff Mayer, who was named joint global head of FICC in September 2008, will serve as executive chairman of FICC.
Shear, Hoornweg, Misra and Psyllidis will also become members of UBS' executive committee.