UBS has named a number of new sector heads across its insurance and diversified financials, energy, and food and beverage coverage.
Andrew Adams will joins UBS in December to lead its insurance and diversified financials coverage. Mr Adams has spent the last 10 years covering the sector for Credit Suisse, where he was ranked top three in industry surveys over the last three years. He also has 10 years’ experience in various roles with QBE and Swiss Reinsurance, and is an associate of the Institute of Actuaries of Australia.
“Together with Shreyas Patel, this team will have 32 years of combined experience in industry and [sell-side] insurance roles, and form an important part of our leading [financials] research franchise,” UBS said in the announcement.
Aryan Norozi has also been appointed sector head for UBS’ retail and food and beverages coverage, and will be joined by Minnie Tong in December, who has worked in research in the cadet programme for four years.
“After joining us four years ago Aryan has rapidly generated respect from his colleagues, clients and corporates and has become an increasingly impactful member of the broader research team,” UBS said.
“We expect this team to bring a dynamic and fresh view to this evolving sector.”
Lead energy coverage has now been transitioned to Tom Allen in addition to his existing utilities coverage, a move that “plays well to (his) strong industry background and connections” and presents synergies with utilities.
“We thank Glyn Lawcock for covering this sector over the last two years, and this change will free up more time for him to focus on our important mining coverage,” UBS said.
Joseph Wong will also assume lead coverage of the fuel refiner and retailer stocks in addition to assisting Mr Allen with energy and utilities coverage.