LONDON, March 24 UBS's head of
equities for the Europe, Middle East and Africa region, is
leaving the Swiss bank after almost 18 years, according to an
internal memo seen by Reuters on Monday.
Phil Allison, who joined UBS as a graduate in 1997, will be
replaced by Jason Barron with immediate effect, the memo sent by
Mike Stewart, UBS's global head of equities, said. Barron is
currently global head of financing services at UBS.
Allison is expected to remain in the industry, a source
familiar with the matter said.
Dominic Vail, global head of equity distribution, will take
over Allison's responsibilities as head of global cash equities,
Both are interim appointments. Permanent successors will be
announced in due course, the memo said.
UBS declined to comment.
(Reporting by Clare Hutchison; Editing by Greg Mahlich)