UBS has appointed William Kennedy as head of its investment products and services (IPS) division, Bloomberg reports. He has succeeded Andreas Amschwand, who led the unit for a year.

Kennedy, who presently serves as global capital markets head at IPS, will take up his new role on March 1, 2010. He has worked for 18 years at UBS and was head of European equities at the investment bank prior to joining the IPS unit in March 2010.

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