UBS appoints Marco Guarino as head of ECM syndicate in Europe, beefing up investment banking team
Financial Management Services: Strategic Fund Allocation and Capital Market Advising
The Swiss banking giant, UBS, has gone on the offensive, snagging Morgan Stanley banker Marco Guarino to helm its ECM syndicate in Europe. This strategic move comes after UBS's acquisition of Credit Suisse in 2023.
Marco Guarino, the new guy on the block
Guarino, formerly of Morgan Stanley's London office, is now charged with leading UBS's equity capital markets (ECM) syndicate operations across Europe, the Middle East, and Africa (EMEA). Guarino takes over from the previous ECM head, pioneering a new era of equity underwriting for UBS in the region.
UBS bolsters its equity underwriting team
While the details on a broader team strengthening aren't clear-cut, the appointment of high-profile banker Guarino from a top-tier competitor indicates UBS's intent to boost its ECM and equity underwriting capabilities in Europe. This move is likely a strategic play to position UBS for success in high-value IPOs and other ECM transactions during a competitive European ECM landscape. The industry has been seeing banks expand and refine their syndicate teams to tackle intricate and sizeable deals. By securing top talent like Guarino, UBS demonstrates a commitment to seize and execute high-profile mandates in the region [1][3].
Key figures
- Marco Guarino - Head of Equity Syndicate, EMEA
- Region - Europe
- Previous Position - Morgan Stanley (London)
- Charged with leading UBS's ECM syndicate operations across EMEA
- Replacing the previous ECM incumbent in the region
- UBS aims to bolster its financial prowess in the European market by appointing Marco Guarino, a seasoned investor from Morgan Stanley, to lead its Equity Capital Markets (ECM) syndicate operations.
- Guarino's role as the head of the ECM syndicate in Europe is seen as a strategic move by UBS, marking a significant step in their goal to enhance their equity underwriting abilities and participate in high-value Initial Public Offerings (IPOs) and other ECM transactions.
