Steven Smith Leaves UBS

Steven Smith, who ran the global restructuring group at UBS, has left the bank, Reuters wrote Friday. The move comes shortly after UBS moved its restructuring group to its leveraged finance group headed by Brendan Connolly as part of a cost-cutting initiative, Reuters reported. Bloomberg has reported that Smith is in talks to join buyout shop Aurora Capital Group.

PeopleNorth AmericaUSBriefs