UBS announces global financing team

UBSsaid on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.The new team will be led by Remi Mennesson, who will join the Swiss lender in November 2020, and report to the firm's four co-presidents, said a memo seen by Reuters and confirmed by the bank.One of the reasons for the creation of the new team was to align employees working in global wealth management, investment bank fina