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UBS Taps Citigroup Vet to Succeed Dawn Fitzpatrick

Citigroup markets exec Suni Harford will take the top investments job at UBS’s asset management arm following Fitzpatrick’s departure for Soros Fund Management in March.

Suni Harford, a 24-year veteran of Citigroup, will join UBS Asset Management in July, succeeding Dawn Fitzpatrick as head of investments.

Fitzpatrick left UBS to join Soros Fund Management as chief investment officer in late March. She started her career at O’Connor & Associates, a hedge fund acquired by UBS, and then rose through the ranks at O’Connor and UBS to become one of few women in leadership positions in the asset management industry.

For the last nine years, Harford was Citigroup’s regional head of markets for North America, a role that included sales, trading, origination, and research across all fixed income, currencies, commodities, equities, and municipal bond businesses. In a statement, Ulrich Koerner, president of UBS Asset Management, said, “She brings strong leadership capabilities combined with a broad knowledge of the investment markets across multiple asset classes and deep understanding of macro-economics.”

Fitzpatrick is not the only recent departure from UBS’s asset management arm. The firm has lost a number of high-ranking executives as its Swiss bank parent continues to grapple with scrutiny from regulators and cost-cutting. Other departures include Blake Moore, head of UBS Asset Management’s Americas business, as well as leaders in distribution, investment solutions, and human resources.

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