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UBS' UK Fiduciary Business Development Head To Depart

Eliane Chavagnon

22 December 2011

Sion Cole, head of fiduciary business development in the UK at UBS Global Asset Management, will be leaving the Swiss banking giant early next year, WealthBriefing understands. 

Cole’s departure next year follows the bank’s decision that it no longer requires a dedicated sales resource to develop business opportunities in the UK fiduciary area. Advisory services from its global investment solutions team will however remain available, this publication has learnt.

UBS Global Asset Management also recently appointed Ian Barnes as its new head of UK and Ireland, to replace John Nestor, who is due to step down next year.