The appointment comes hardly a month after the bank had lost dealmaker Andrea Orcel to UBS, where he will be joining as co-head of the investment bank.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The ex-chairman of the UBS investment bank, Wilmot-Sitwell will be based in London office and he is expected to join in the coming months.
Both Orcel and Wilmot-Sitwell were veterans of their respective banks before the moves.
Sitwell will now take on some of Orcel’s former responsibilities in emerging markets, apart from taking on the top Europe job.
Orcel had been offered the Europe president role that will be vacated by BofA Merrill banker Jonathan Moulds when he retires by the end of 2012.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMeanwhile, Sitwell has held several senior positions at UBS in recent years, including being the joint head of European investment banking and as chief executive of the Asia-Pacific region.
