UBS poaches Magnus from Merrill

UBS has hired Keith Magnus to head investment banking for Singapore and Malaysia. This is a newly created position at UBS as the Swiss bank tries to beef up coverage of the Asia-Pacific region.

Magnus will report to Matthew Hanning and David Chin, the joint heads of investment banking for Asia at UBS. Both are based in Hong Kong.

Magnus was earlier managing director and head of investment banking for Singapore and Malaysia at Bank of America Merrill Lynch. He started at Merrill Lynch in mid-2007.

Merrill was not available for comment. UBS declined to comment.

Magnus took up a newly created position at Merrill in mid-2007 intended to ensure a more integrated approach...