UBS Hires Jerry Marcus From Bank of America Merrill Lynch

UBS has hired Jerry Marcus, a former head of Bank of America Merrill Lynch‘s retail investment banking group, as a vice chairman for its Americas investment bank. DealBook reported that Marcus would join in September. Previously, Marcus served as a vice chairman in Bank of America Merrill Lynch’s global investment bank. He began his career at Morgan Stanley in 1979 and has also worked at Bear Stearns.