Swiss banking major UBS has appointed Juan Luis Perez as global head of research and Barry Hurewitz as global COO of research.

Both Juan and Barry join UBS from Morgan Stanley in December 2013.

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As global head of research, Perez will lead and manage the investment bank’s research function and will be responsible to enhance the global research capabilities of the bank.

Perez will report into Andrea Orcel, CEO of UBS Investment Bank, and will also join the investment bank’s Executive Committee.

Commenting on the hires Andrea Orcel, UBS Investment Bank CEO said: "At UBS, research is a highly valued, strategic function that is fundamental for our client offering. Juan and Barry have embraced our new model for investment banking and share the same vision for what we are trying to achieve.

"In attracting these, and other senior leaders to join UBS, we are strengthening our already market-leading capabilities and our ability to deliver high value, superior advice, solutions and execution for our clients."

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