More equities team changes at UBS

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UBS has new leaders in its equities business—again.

Chris Leone and Dushyant Chadha have been promoted to be Americas co-heads of equities, according to an internal memorandum sent Tuesday afternoon by global equities co-heads Robert Karofsky and Roger Naylor. The pair replace Paul Galietto, who is leaving the bank.

A spokesman for Switzerland-based UBS confirmed the contents of the memo but declined further comment. Galietto did not respond to a CNBC email seeking comment.