In his new role, which he will begin in early 2017, Santini will be executive vice chairman in UBS’s investment bank, according to an internal memo seen by The Wall Street Journal. He will report to UBS’s investment banking chief, Andrea Orcel.
Santini, who previously co-headed Deutsche Bank’s industrial investment banking group, was earlier this month elevated to vice chairman of Americas corporate finance at the German bank.
At UBS, Santini will be responsible for developing the Swiss bank’s client relationships, focusing on companies and private equity firms globally. Santini will also become a member of UBS’s Americas executive committee, according to the memo.
Santini started at Deutsche Bank in 2009 and has worked to build the bank’s industrial group. While at Deutsche Bank, he advised clients such as General Electric, Colfax, Danaher and Marriott International on a number of transactions. Prior to joining Deutsche Bank, Santini spent 15 years at what is now Bank of America and eventually co-headed the investment bank’s multi-industry group in the Americas.
Santini is the latest UBS investment bank hire in the US. In October, UBS announced that Bob Foresman would join as vice chairman.
UBS currently has a role in British American Tobacco’s proposed $ 47 billion tie up with Reynolds American. The bank also advised Jarden on its nearly $ 15 billion sale to Newell Brands.
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This article was published by The Wall Street Journal