UBS’s Brazil Investment Bank Chief Centola Leaves Firm
February 08, 2012, 1:10 PM ESTBy Cristiane Lucchesi
(Updates with comment from UBS’s CEO for the Americas in the third paragraph.)
Jan. 26 (Bloomberg) -- Eduardo Centola, head of UBS AG’s investment bank in Brazil, has left after 15 months at the firm.
Lywal Salles, the chairman and chief executive officer of the bank’s business in Brazil, will assume Centola’s duties on an interim basis, Zurich-based UBS said today in an e-mailed statement, which didn’t give a reason for the departure. Centola, 42, joined UBS in October 2010 from Standard Bank Group Ltd., where he was CEO for the Americas. He previously was a managing director at Goldman Sachs Group Inc.
“We wish him continuing success in his career,” Robert McCann, the company’s CEO for the Americas, said in the statement. The firm said it’s committed to building an integrated bank in Brazil that includes a “strong, local” investment-banking unit.
Centola didn’t respond to messages seeking comment.
--Editors: David Scheer, Peter Eichenbaum
To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.net
To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net
