UBS Promotes EMEA ECM Chief Esteve to Global Co-Head (1)

UBS Group AG has promoted Manuel Esteve to global co-head of equity capital markets, as part of plans to boost the Swiss lender’s market share of fundraising.

Esteve — previously head of ECM for Europe, the Middle East and Africa — will co-lead the bank’s equity underwriting business alongside Tommy Rueger, according to a memo seen by Bloomberg. A representative for UBS confirmed the contents of the memo.

He’s taking over from Gareth McCartney, who will become global head of capital markets origination. In his new role, McCartney will focus on expanding collaboration between UBS’s global capital markets, ...