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UBS has made a marquee hire in New York

UBS has made a big hire in the US. Bob Foresman will join the company as vice chairman of UBS Investment Bank on October 3, according to a memo seen by Business Insider. A spokeswoman confirmed the contents of the memo. He will report directly to Andrea Orcel, president of the investment bank, and will be based in New York. "He will bring his extensive relationships, political and geopolitical understanding and strategic experience, to add additional weight to, and strengthen, our client offering," Orcel wrote in the memo.
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