Citigroup Hires UBS Banker
By DEALBOOKKevin Cox, formerly head of Americas investment banking at UBS, is joining Citigroup as co-chairman of global industrials banking.
He is the latest in a recent flurry of banker departures from UBS. Since the financial crisis, the Swiss bank has been grappling to rein in compensation.
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Mr. Cox, who joined UBS in 2002, had served as chairman of the global industrials group. Before UBS, he had been at Morgan Stanley for nearly 16 years. He is a graduate of Georgetown University and Harvard Business School.
At Citigroup, Mr. Cox will be based in New York and report to Raymond J. McGuire, head of global banking.
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