UBS AG's (UBS) Investment Bank Chairman Alex Wilmot-Sitwell would join Bank of America Corp. (BAC), according to reports.
Reports said BofA hired Wilmot-Sitwell as president of Europe and Emerging markets, excluding Asia. Wilmot-Sitwell is expected to join in the coming months and will be based in London.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.