UBS has shuffled the leadership of its securities business, The Wall Street Journal reports. The Swiss firm has appointed Yassine Bouhara, Francois Gouws, Roberto Hoornweg and Raveej Misra as co-heads of the team. The management shuffle comes after the resignation of fixed-income co-head, Dimitrios Psyllidis, who is leaving the firm for personal reasons. Bouhara and Gouws used to report to Neil Shear, who joined the bank last year from Morgan Stanley.

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