Alex Wilmot-Sitwell
| Alex Wilmot Sitwell | |
|---|---|
| Born | 16 March 1961 UK |
| Occupation | President, Europe and Emerging Markets (ex-Asia) of Bank of America Merrill Lynch |
Alex Wilmot-Sitwell heads Bank of America Merrill Lynch's businesses across Europe and emerging markets excluding Asia. Previously he was appointed co-Chairman & CEO, UBS Investment Bank on 26 April 2009, making him one of the most senior British investment bankers. He was previously Joint Global Head of Investment Banking, and Chairman & CEO, EMEA of UBS Group.[1]
Biography
Wilmot-Sitwell was born 16 March 1961 in the UK. He was initially educated at Eton and then graduated from Bristol University with a degree in Modern History. Prior to joining Warburg Dillon Read he worked at Robert Fleming & Co in South Africa as director of their Corporate Finance department. He had originally started in South Africa on the Board of the Tollgate Group, to which he was appointed "largely as a favour to [his] father",[2] then a senior partner at Tollgate's UK stockbroker Rowe and Pitman. Tollgate eventually failed in "one of the most torrid, unpleasant and seamy corporate chapters in South Africa’s history".[3] He joined UBS in 1995 as Head of Corporate Finance in South Africa and moved to London in 1998 as Head of UK Investment Banking. In 2004 Alex was appointed Joint Global Head of European Investment Banking and Joint Global Head of Investment Banking in November 2005. Wilmot-Sitwell was on the senior management team of UBS at a time when multiple control and business model deficiencies occurred, leading the Tyrie Commission to label him (and other senior management figures) "ignorant and incompetent".[4]
A big client over the years has been Anglo American, the mining group, and Mr Wilmot-Sitwell played a key role in helping Lloyds TSB to buy HBOS in the controversial deal waved through by Gordon Brown.
His father, Peter Wilmot-Sitwell is a former Chairman of S G Warburg (acquired by UBS AG and integrated into UBS Investment Bank in the 1990s).
References
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- Businessweek profile [1]
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- ↑ "Dangerous Deceits: The Secrets of Apartheid's Corrupt Bankers", Frank Welsh, ISBN 0002571447
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