Angelia Schmidt has been appointed as the new Head of the Global Financial Sponsors Team at UBS Wealth Management, effective November 18.

Schmidt, who brings over 25 years of capital market experience, will be based in New York and will report to Benjamin Cavalli in Zurich and Jason Chandler in the USA.

This strategic move aims to strengthen relationships with partner firms, as mentioned in a letter to external asset managers.

Schmidt joined UBS in 2017 as a senior issuing manager to enhance the public finance business.

Prior to that, she spent 19 years at J.P. Morgan, where she served as a senior underwriter in the municipal finance team and led the distribution of taxable structured products in the Global Structured Syndicate.

Cavalli expressed confidence in Schmidt's client-focused approach and her ability to foster partnerships across the value chain, highlighting her commitment to consistent risk management.

The Global Financial Sponsors Team plays a crucial role in connecting over 1,000 wealth managers on the UBS platform with the bank's internal partners.