Alex Wilmot-Sitwell

Alex Wilmot Sitwell
Born March 1961
Occupation Banker

Alex Wilmot-Sitwell (born March 1961) headed Bank of America Merrill Lynch's businesses across Europe and emerging markets excluding Asia, resigning his post in April 2018[1]. Previously he was appointed co-Chairman & CEO, UBS Investment Bank on 26 April 2009. He was previously Joint Global Head of Investment Banking, and Chairman & CEO, EMEA of UBS Group.[2]

Early life

Alex Wilmot-Sitwell was born in March 1961, the son of the banker Peter Wilmot-Sitwell and his wife Clare.[3]

Career

Prior to joining Warburg Dillon Read he worked at Robert Fleming & Co in South Africa as director of their Corporate Finance department. He had originally started in South Africa on the Board of the Tollgate Group, to which he was appointed "largely as a favour to [his] father",[4] then a senior partner at Tollgate's UK stockbroker Rowe and Pitman. Tollgate eventually failed in "one of the most torrid, unpleasant and seamy corporate chapters in South Africa’s history".[5] He joined UBS in 1995 as Head of Corporate Finance in South Africa and moved to London in 1998 as Head of UK Investment Banking. In 2004 Alex was appointed Joint Global Head of European Investment Banking and Joint Global Head of Investment Banking in November 2005. Wilmot-Sitwell was on the senior management team of UBS at a time when multiple control and business model deficiencies occurred, leading the Tyrie Commission to label him (and other senior management figures) "ignorant and incompetent".[6]

Political donations

He has been a significant donor to the Conservative party, giving £50,000 before the 2015 election.[7]

References

  1. ↑ Crowe, Portia. "Brexit tussle behind departure of BAML European chief".
  2. ↑ "Forbes Profile". Forbes. Retrieved 2008-12-10.
  3. ↑ "Peter Wilmot-Sitwell obituary". 28 June 2018 – via www.thetimes.co.uk.
  4. ↑ "Dangerous Deceits: The Secrets of Apartheid's Corrupt Bankers", Frank Welsh, ISBN 0002571447
  5. ↑ "Mail and Guardian, 29 January 1999". Mail and Guardian. Retrieved 2016-03-24.
  6. ↑ "Times Article". The Times. Retrieved 2015-01-19.
  7. ↑ "'Grossly incompetent' Libor scandal banker hands £50,000 to Tory party". The Indenpendent. Retrieved 2018-02-02.

Sources

  • Businessweek profile


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