UBS Investment Bank has hired Bora Sila as managing director for its Investment Banking Department (IBD) and head of Americas Retail Coverage, within the firm’s Global Consumer Products and Retail Group. Mr. Sila will report to Guy Phillips, global head of Consumer Products and Retail Group, and will be based in New York City.
In his new role, he will be responsible for banking coverage for all retail clients in the Americas. He joins UBS after 19 years at Citigroup where he held a number of senior positions in investment banking focusing on retail clients, most recently as co-head of the retail investment banking practice.
Mr. Phillips said: “Even in today’s volatile markets, we are seeing an increasing level of deal activity among retail companies, whether in M&A, capital raisings or restructurings. Bora’s depth of relationships, ability to manage complex transactions and significant industry knowledge gained from nearly two decades covering retail companies will be of great benefit to our clients as they look to UBS for superior advice and execution.”
