UBS has appointed Rainer Ruecker as managing director and head of its new public distribution trading team, Risk.net reports. He will handle the newly created part of the Swiss bank’s equity structuring team, which will sit across all the bank’s regional desks quoting equity derivatives products to exchanges and exchange-like venues.

He will be based in Zurich. Ruecker has previously worked with Citi and Commerzbank. Additionally, the bank has also hired Michael Ilg, Sebastian Schmidt and Johannes Murken for handling new German market initiatives.

Click here for the story from Risk.net.