UBS Poaches Barclays’ Global Banking Chairman

Barclays PLC (NYSE:BCS) (LON:BARC)’s chairman of global banking unit Ros Stephenson is set to take up global role at Swiss lender UBS AG (NYSE:UBS), marking the latest senior departure from the U.K. bank.

Ms. Stephenson joined Barclays when the London-based bank acquired the U.S. operations of Lehman Brothers Holdings Inc.

Series of departures

Ros Stephenson’s departure comes days after the British bank’s U.S. chief Skip McGee resigned and the same day its Asia chief Robert Morrice announced plans to retire. Ros Stephenson founded Lehman Brother’s financial sponsors group, worked as co-head...