UBS has promoted Stephen Cruise and Jonathan Herbst to co-heads of Midwest coverage in the US and the investment banking department in Chicago. Cruise is currently a managing director leading the investment banking coverage for some of the firm's top Midwest clients in the manufacturing and services sectors while Herbst is a managing director in the TMT group. Both will become part of the UBS Group Chicago Executive Committee and report to Aryeh Bourkoff, head of investment banking for the Americas.

Maryam Omidi

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UBS names Midwest coverage co-heads

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