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Will Last UBS Investment Banker Please Turn Out the Lights?

UBS
UBS

UBS has lost yet another senior investment banker.

Last night a UBS spokeswoman confirmed that Christopher Abbate, the head of UBS AG's U.S. leveraged finance group, had left the bank this week, according to Reuters.

His departure comes just a few days after UBS CEO Oswald Gruebel emailed the Swiss bank's investment bankers, pledging that the bank was dedicated to expanding its investment banking business.

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  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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