UBS today announced that Ros Stephenson has been appointed Global Chairman of Corporate Client Solutions (CCS) and the Head of CCS Americas. Ros will join as a Group Managing Director and report to Andrea Orcel, CEO of UBS Investment Bank.
Ros will be based in New York and be a member of the firm's Investment Bank Executive Committee and Americas Executive Committee, effective September 2014. She joins UBS from Barclays where she most recently served as Chairman of the Investment Banking Division. During her tenure, Ros was also co-head of Corporate Finance and M&A from 2008 to 2013. She began her career with Lehman Brothers where she was a founder of the firm's Financial Sponsors Group, which she led for 10 years.
"Ros is an extremely accomplished, market-leading professional with extensive client and transaction experience," Andrea Orcel commented. "Her insights and expertise will be invaluable to us as we continue to grow the CCS business, particularly in the Americas. We are pleased to have Ros join UBS. She will be an influential leader and a key partner to our management team."
In her role as Chairman, Ros will help drive UBS’s global investment bank capabilities, and in her Americas role, she will be responsible for all client coverage, advisory, financing origination and the financing solutions businesses. Steve Cummings will assume the role of Chairman of CCS Americas.
"I look forward to Ros's arrival later this year. She is a tremendously talented leader and I have every confidence that she will help UBS compete and win in the Americas," said Bob McCann, CEO of UBS Group Americas.
Commenting on her appointment, Ros said, "I am excited to be joining a world class organization. As the investment banking landscape continues to evolve, I believe that the firm's global reach and areas of expertise, coupled with dedication to its client centric model, position UBS as a leading player in global financial services."