UBS has made reappointments for several of its managing directors on its global fixed-income management team. In New York City, the investment bank appointed Mostafiz Shahmohammed as head of the credit ABS business. Since Shahmohammed vacated his post as head of UBS's transportation finance business, the bank placed Cecilia Park in that role. Shahid Quraishi is now the global head of the bank's ABS business, and reports to David Martin, who was put in charge of the bank's global rates business. Martin was head of mortgage- and asset-backed securities. In Stamford, Conn., Simeon Schwartz, former head of the bank's rates business, has become global head of structured products for UBS. He reports to Simon Bunce, UBS's London-based global head of fixed income.
Citigroup Global Markets appointed Pascal Bernous as a vice president in its European securitization business. Previously, at Standard & Poor's, Bernous focused on corporate and infrastructure debt. At Citigroup, he reports to Simon Dudley, a managing director in the bank's fixed income, currencies and commodities divisions. Bernous will be working in the structuring, financing and distribution team that focuses on European infrastructure and corporate/whole business securitization transactions.