UBS Switzlerand's head of corporate banking has defected to J.P. Morgan.

Reinout Böttcher (pictured below) is moving on after more than two decades at UBS to become J.P. Morgan’s vice chair of EMEA Investment Banking in Zurich, according to an internal memo.

Böttcher was previously head of corporate banking at UBS Switzerland. He replaced Martin Kesselring in that position only last last year when Kesselring was promoted to head of investment banking in Switzerland.

 

Boettcher 500

Reporting Directly to Dorothee Blessing

Böttcher will report to Dorothee Blessing, co head of EMEA Investment Banking based in Frankfurt and will work closely with Nick Bossart, senior country officer for Switzerland, the memo said.

She is married to Martin Blessing who left UBS in 2019 as co-head of its Global Wealth Management division and since then has, among other things, been a director of Denmark’s Danske Bank as well as head of special purpose acquisition company EFIC1.