UBS AG hired Severin Brizay from JPMorgan Chase & Co. to oversee its mergers and acquisitions team in Europe, the Middle East and Africa as Switzerland’s largest bank overhauls management of the business.
At 8 a.m. on Jan. 10, Takumi Shibata, chief operating officer of Nomura Holdings Inc., walked into the firm’s London boardroom overlooking the River Thames to try to salvage the 2008 acquisition of the European and Asian units of bankrupt Lehman Brothers Holdings Inc.
The balance of power among dealmakers is shifting, and this year’s World Economic Forum is proof: A record number of executives from emerging markets will attend the Alpine conference, a networking mecca for the global business elite.
As Wall Street chief executive officers flock to the World Economic Forum, they’ll be breathing a sigh of relief along with the Swiss mountain air: There are no panels on compensation or redesigning financial regulation.
Nomura Holdings Inc. ’s deputy global investment banking head, Christian Meissner , quit less than two years after he arranged the sale of Lehman Brothers Holdings Inc.’s European unit to the Japanese brokerage.