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.

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