An internal bank memo was reported by Financial Times as saying that McTernan will replace Stuart Upcraft, who was recently promoted to vice-chairman in M&A for Europe, the Middle East and Africa (EMEA).
She has already been offering advices to clients working on public and private deals, including Imperial Tobacco, Heineken, Diageo and Coca Cola HBC.
Having joined the lender in 2007, McTernan was previously working with Lehman Brothers and worked on deal such as Heineken and Carlsberg’s $20.2bn break-up bid for Scottish & Newcastle, Coca-Cola Hellenic’s relisting, and Misys’ $1.3bn sale of Allscripts.
Recently, the bank promoted Marisa Drew to manage its EMEA investment banking department together with Ewen Stevenson, following resignation of Jamie Welch.
Both Drew and Stevenson will jointly lead the operation, while pursuing their current roles as head of the bank’s global market solutions group and head of the global financial institutions group (FIG) respectively.
Headquartered in Zurich and operating in over 50 countries globally, the group employs nearly 46,900 people and caters private banking, investment banking and asset management services.
