08:15 AM EDT, 06/25/2025 (MT Newswires) -- UBS Group ( UBS ) is merging its mergers and acquisitions unit with its sponsor advisory group as part of the bank's restructuring plans, Bloomberg reported Wednesday citing an internal company memo.

The combined unit will be headed by Jeff Hinton and Nestor Paz-Galindo, who are currently the co-leaders of UBS' M&A division, according to the report.

UBS also plans to eliminate its alternative capital group as part of the realignment, with co-head Terry Sullivan becoming chairman of the bank's global financial institutions group while the other co-head, Simona Maellare, will leave the company, the report said.

UBS did not immediately respond to a request for comment from MT Newswires.

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