Alex Wilmot-Sitwell is a partner at Perella Weinberg Partners in its London-based advisory practice. 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. 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.

Early life

Wilmot-Sitwell was born in March 1961, the son of the banker

Peter Wilmot-Sitwell Peter Sacheverell Wilmot-Sitwell (28 March 1935 – 19 June 2018) was a British merchant banker and stockbroker. He is credited with inventing the "dawn raid" which enabled companies to build up a stake in a takeover target before the targe ...

and his wife Clare.

Career

He started in South Africa on the board of the Tollgate Group, to which he was appointed "largely as a favour to isfather", 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". He worked at

Robert Fleming & Co Robert Fleming & Co. was an asset manager and merchant bank founded in Dundee, Scotland, in 1873. In 1909, the firm moved its headquarters to London, England. It was sold to Chase Manhattan Bank for over $7 billion in 2000. Flemings was a 50% ...

in South Africa as director of their Corporate Finance department. He then joined

Warburg Dillon Read Dillon, Read & Co. was an investment bank based in New York City. In 1991, it was acquired by Barings Bank and, in 1997, it was acquired by Swiss Bank Corporation, which was in turn acquired by UBS in 1998. History Carpenter & Vermilye Dillon Read ...

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

Politics

He donated £50,000 to the

Conservative party The Conservative Party is a name used by many political parties around the world. These political parties are generally right-wing though their exact ideologies can range from center-right to far-right. Political parties called The Conservative P ...

for the 2015 election.

References

Sources

Business big shot
1961 births Living people British bankers Alex {{UK-business-bio-1960s-stub