French was previously a partner at law firm Lovells, where he led the Distressed Investing Practice, UBS said in an internal memo.
“The Restructuring sector is a growth area and continues to be a focus for our EMEA franchise,” the memo said.
Investment banks are expanding their restructuring units as a gloomy economy is expected to lead to a wave of insolvencies and debt refinancings.
Andrew Merrett, former director of restructuring at Close Brothers CBG.L, moved to Rothschild [ROT.UL], while Goldman Sachs Group Inc. (GS.N: Quote, Profile, Research) hired Andrew Wilkinson from law firm Cadwalader.
By Elena Moya