Leadership Shifts Across UBS, HSBC, and Major Legal Firms

UBS has tapped Mark Hammarskjold and Michael Maag to serve as co-heads of global banking for Switzerland. Hammarskjold, a veteran of the firm since 2005, assumes the role immediately, while Maag joins in October after leading Alantra’s Swiss operations. The duo replaces Marco Superina, reporting directly to Jens Haas.

In the legal sector, Charles Russell Speechlys has strengthened its corporate team by hiring James Paterson as a partner. Previously at Mishcon de Reya, Paterson specializes in private equity sponsor-backed transactions. This addition follows the firm’s recruitment of Nadim Meer earlier in the year. Meanwhile, Burges Salmon has added Jessica Reed as a partner in its London office. Reed, formerly of Farrer & Co, brings extensive expertise in financial regulation and fund structuring to the firm’s investment management practice.

HSBC is prioritizing its digital future by appointing Nick Elias as head of Wealth Platforms, Wealth and Premier Solutions. Based in London, Elias will lead the bank's Wealth Transformation Programme, focusing on embedding generative AI into client services. His mandate includes scaling the bank's 'Wealth Intelligence' platform to personalize investment strategies for high-net-worth clients.

Finally, Investec Bank is scaling its UK corporate banking division with the appointment of Terry Koizou as head of client relationship management. Koizou, who brings two decades of experience from Citi Commercial Bank, joins a growing team tasked with expanding Investec’s footprint among mid-market UK businesses. This expansion aligns with the bank’s goal to serve 1,000 mid-market companies by 2030.