UBS has selected one of its newly acquired Credit Suisse staff to replace its retiring global head of execution services, Brent Johnson, according to an internal memo seen by The TRADE.
Neil Hosie has been appointed as global execution services head in a full-time capacity after joining UBS as part of its takeover of Credit Suisse last year. He took up the role on an interim basis in March.
Hosie originally joined Credit Suisse in 2017 as its head of equities Asia Pacific, later assuming responsibility of the asset class for both Asia Pacific and EMEA and eventually taking up the role in a global capacity in 2023.
Previously in his career he served as head of equity trading for Asia Pacific at Deutsche Bank and Deutsche Bank Securities for two years and 13 years, respectively. He began his trading career at UBS in Hong Kong.
“Neil brings broad experience and global client connectivity across the execution services business having overseen and worked closely with distribution, financing, research and ECM,” said the memo.
Brent Johnson
He replaces retiring global head of execution services Brent Johnson, who has been with UBS for the last 26 years.
“He has been a highly valued member of the Global Markets management team, successfully leading Global Markets Execution Services since its formation in 2021,” said the memo.
Johnson joined UBS as chief financial officer and chief operating officer in 1997 and during his multi-decade tenure has served in several capacities at the bank including as head of South African equities, CEEMA equities, European cash trading execution, and cash equities for EMEA.
He took up the role of co-head of global markets execution and platform in 2019, later assuming his most recent role as global head of execution services in 2021.