As 2026 begins, SRP looks back at last year’s most relevant people moves highlighting new hires and exits at the main issuers and providers of structured products.

Arrivals UBS kicked off 2025 with the hire of three new senior sales in its global markets division at UBS Securities Japan. Shuhei Sanada joined as executive director, head of regional financial institution sales, reporting to Shunsuke Ayabe , head of execution sales for Japan at UBS. Sanada was previously at HSBC Japan, where he led institutional sales in the client solutions group. In his new role at UBS, Sanada manages of the other two newly hired sales, Eiichiro Yoshida and Hiroaki Sato