February 12, 2013 / 8:41 PM / 5 years ago

UBS executive Kengeter to exit bank -internal memo

Feb 12 (Reuters) - Carsten Kengeter, head of UBS’s non-core portfolio and former chief of the investment bank, is set to leave, according to an internal memo seen by Reuters.

Sam Molinaro will head the Swiss bank’s non-core and legacy portfolio, with immediate effect, according to the memo.

A spokesman for the company confirmed contents of the memo.

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