UBS AG’s (UBS) head of financial communications Philip Higson will move to the firm’s private bank effective Jan. 1, according to a memo sent Friday to equity analysts.

Higson will be replaced by Caroline Stewart, who reports to Chief Financial Officer John Cryan. Higson will be responsible for ultra-high net worth client coverage in UBS’ European onshore business, according to the memo seen by Dow Jones Newswires. Source

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