Three depatures in a single month, including the Americas head of retail structured products, have left the US distribution team under pressure as it adjusts to new leadership.
Kunal Malhotra (pictured) has parted ways with UBS after six years leading its US retail structured note and exchange-traded note (ETP) businesses for eight years, according to multiple sources familiar with the matter. His last role was managing director, Americas head of retail structured products at the Swiss investment bank. The sales veteran is currently on garden leave and is expected to return to the industry in several weeks, SRP understands. Malhotra’