UBS recently named Jeff Hinton co-head of Global Mergers and Acquisitions.

He will share the role with Nestor Paz-Galindo, who joined UBS from Barclays Bank in July, the report said.

The appointments show the importance UBS is placing on M&A and its desire to improve the competitiveness of the business by strengthening its leadership team. The addition of Hinton and Paz-Galindo will bring additional experience and expertise to UBS, helping to further enhance the bank's market position in the M&A space.