(Adds departure confirmation from UBS in third paragraph.)

Feb. 23 (Bloomberg) -- Itau Unibanco Holding SA, Latin America’s biggest bank by market value, hired John Corcoran from UBS AG to lead the lender’s international bond syndication group in New York.

Corcoran, who replaces Surat Maheshwari, will start in mid- March, said Douglas Chen, head of international fixed-income distribution at Itau.

UBS spokesman Christiaan Brakman confirmed Corcoran left the Zurich-based bank, where he was a managing director in debt capital markets syndication in Stamford, Connecticut.

--Editor: Lester Pimentel

To contact the reporters on this story: Drew Benson in Buenos Aires at Abenson9@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net