Stephen Gore has been named head of mergers and acquisitions and corporate finance for UBS in Asia as part of a reshuffle at the struggling Swiss bank in the region following the resignation of veteran banker Rob Rankin last month.

Gore, who has led UBS's financial sponsors coverage for Asia over the past two years, replaces Matthew Hanning who was promoted to the position of joint head of Asia investment banking last month alongside fellow M&A banker David Chin.