UBS’s leading China investment banker has resigned in a move that will test the Swiss bank’s ability to remain a leading force in the important Asian market, writes Megan Murphy.
People familiar with the matter said that Henry Cai, head of investment banking Asia, sent a memo to staff today outlining his decision to “take a long break” because he was “very tired”. He has yet to decide his next step, he told colleagues.
People familiar with the matter said that he had in recent months been considering setting up a private equity fund.
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