Ramesh Singh, head of real estate and securitized (RE&S) products. is departing
UBS to spend more time with his family and to subsequently pursue other career opportunities, according to an internal UBS memo.
The firm also announced that its refocused real estate and securitization activities will be headed by managing directors Bill Chandler, Jack McCleary and Jim Reichek, who will report directly to Jerker Johansson, chairman and chief executive officer of UBS Investment Bank, and Jeff Mayer, the global co-head of the fixed income, currencies and commodities business.
Chandler becomes head of transaction management for the group. In this role, he will be responsible for the portfolio management of several existing securities programs and various other special situations. He will also be responsible for the transactions requiring pre-approval (TRPA) process within RE&S.
Reichek will continue in his role as U.S. head of real estate finance, with responsibility for all commercial loan origination in addition to all trading in CMBS.
McCleary is named head of ABS and MBS trading activities. He will oversee the firms client- facing businesses, which will include selective market making in non-agency securities, as well as portfolio analysis and restructuring services. In addition, passthrough trading will be integrated within the banks rates trading desk in Stamford, reporting to David Sacco.