In his new role, Sila will be responsible for banking coverage for all retail clients in the Americas. He joins UBS after 19 years at Citigroup where he held a number of senior positions in investment banking focusing on retail clients, most recently as co-head of the retail investment banking practice. Sila began his career at Goldman Sachs in equity research.

"Even in today's volatile markets, we are seeing an increasing level of deal activity among retail companies, whether in M&A, capital raisings or restructurings," said Phillips. "Bora's depth of relationships, ability to manage complex transactions and significant industry knowledge gained from nearly two decades covering retail companies will be of great benefit to our clients as they look to UBS for superior advice and execution."

Sila holds a BA from the University of Pennsylvania and an MBA from Columbia Business School.

Headquartered in Zurich and Basel, Switzerland, UBS is one of the world's leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

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