Switzerland's UBS has named Matthew Hanning, the former head of general industries investment banking for Morgan Stanley, as its new Asia Pacific mergers and acquisitions chief.
Hanning, whom UBS said will join the firm on November 27, was a six-year Morgan Stanley veteran who moved to Hong Kong from Australia as the New York-based investment bank's head of Asia Pacific M&A in 2004.
He switched to run general industries, which includes sectors like consumer goods and mining, last year after his predecessor Sheldon Trainor jumped to rival Merrill Lynch as head of Asia investment banking.
UBS is ranked second in regional M&A volume this year, trailing Goldman Sachs, while Morgan Stanley is fifth in the standings, according to data firm Dealogic.
Angus Barker, who had been running regional M&A for UBS, will become head of financial sponsors for Asia and concentrate on working with private equity clients.