Ashley Jarvis, head of business and capital consultancy for the prime brokerage division of UBS, has quit, Reuters is reporting.
Jarvis is the latest in a number of high-profile departures for UBS prime brokerage business. David Gray, former head of the unit, recently stepped down and was replaced by Tim Wannenmacher, who himself resigned as head of Prime Services at Nomura in December.
Chris Erickson, former COO of the UBS unit, left last month to join J.P. Morgan. And Stuart Hendel, former global head of prime brokerage for UBS, left the firm to take on the same position at Bank of America Merrill Lynch.
It is not yet clear if Jarvis has taken on a new role elsewhere or who will be replacing him at UBS. UBS did not immediately respond to a request for comment.
(CG)