UBS Investment Bank has appointed Stephen Cummings as a managing director and chairman of Americas investment banking. Based in New York, Cummings will work under Jimmy Neissa, Matthew Grounds and Simon Warshaw, joint global heads of investment banking.

Cummings was formerly head of corporate and investment banking at Wachovia Bank. He has previously also worked in the corporate finance department of Kidder, Peabody & Company and Bowles Hollowell Conner.

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