The Swiss multinational investment bank and financial services company, UBS has rehired its former Head of Strategy of Europe, Frances Fahey, as its new Chief of Staff for its global markets unit.
Financial News reports that Fahey is stepping into Julie Beavan’s shoes after Beavan moved in February to head the firm’s investment bank in the United Kingdom.
Fahey, who spent 12 years at UBS before leaving in 2016, will now join the bank’s global markets management forum after more than three years at River and Mercantile Group (R&M) where she was Chief Operating Officer (COO).
Fahey's File
Fahey, who was an Executive Director and Investment Banking Division Team Leader in UBS Investment Bank between 2004 and 2005, boasts of a prolific career at UBS.
Between 2004 and 2010, she was the Managing Director of Equity Capital Markets and the Head of European Emerging Markets Origination.
She rose to become the Managing Director and COO of Global Corporate Client Solutions in June 2015.
“As COO, I was a strategic enabler and partner to the business, helping to develop, execute and oversee the global strategy, responsible for global governance and all aspects of the operating model and infrastructure,” Fahey wrote on her LinkedIn profile.
She left this role in December 2016 to become the Chief Administrative Officer at River and Mercantile Asset Management in January 2018.
Within nine months, she was promoted to COO at River, a role she managed for over three years before returning to UBS.
UBS’ Strong Market Presence
In February, UBS published its financial results for the fiscal year 2021. The company’s net profit came in at $7.5 billion.
Earlier in January, the bank announced its plan to acquire Wealthfront, a prominent automated wealth management firm focused on the US market, in a deal worth $1.4 billion.
