Reuters pix.
HONG KONG: UBS Group is merging its equity and debt capital market businesses in Asia Pacific in a move that comes as its powerhouse equities franchise faces a suspension in Hong Kong from leading initial public offerings (IPOs).
According to an internal memo seen by Reuters, Gaetano Bassolino, currently head of the debt capital markets (DCM) business in the region, will become head of Asia Pacific capital markets.
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