Alex Wilmot Sitwell
OccupationBanker

Alex Wilmot-Sitwell is a partner at Perella Weinberg Partners in its London-based advisory practice.[1] He had earlier headed Bank of America Merrill Lynch's businesses across Europe and emerging markets excluding Asia, before resigning his post in April 2018.[2] He served as co-Chairman & CEO, UBS Investment Bank until 26 April 2009. Before that he was Joint Global Head of Investment Banking, and Chairman & CEO, EMEA of UBS Group.[3]

Early life

Wilmot-Sitwell was born in March 1961, the son of the banker Peter Wilmot-Sitwell and his wife Clare.[4]

Career

He started in South Africa on the board of the Tollgate Group, to which he was appointed "largely as a favour to [his] father",[5] 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".[6]

He worked at Robert Fleming & Co in South Africa as director of their Corporate Finance department.[citation needed]

He then joined Warburg Dillon Read.[citation needed]

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.[citation needed] In 2004 Wilmot-Sitwell was appointed Joint Global Head of European Investment Banking and Joint Global Head of Investment Banking in November 2005.[citation needed] 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".[7]

Politics

He donated £50,000 to the Conservative party for the 2015 election.[8]

References

  1. ^ Clarke, Paul. "Perella Weinberg hires ex-BAML heavyweight Wilmot-Sitwell". www.fnlondon.com. Retrieved 2 November 2019.
  2. ^ Crowe, Portia. "Brexit tussle behind departure of BAML European chief".
  3. ^ "Forbes Profile". Forbes. Archived from the original on 26 February 2012. Retrieved 10 December 2008.
  4. ^ "Peter Wilmot-Sitwell obituary". 28 June 2018 – via www.thetimes.co.uk.
  5. ^ "Dangerous Deceits: The Secrets of Apartheid's Corrupt Bankers", Frank Welsh, ISBN 0002571447
  6. ^ "Mail and Guardian, 29 January 1999". Mail and Guardian. Retrieved 24 March 2016.
  7. ^ "Times Article". The Times. Retrieved 19 January 2015.
  8. ^ "'Grossly incompetent' Libor scandal banker hands £50,000 to Tory party". The Independent. Archived from the original on 9 April 2015. Retrieved 2 February 2018.

Sources


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