The most senior industrials banker at UBS in Europe is among a number of managing directors in the process of leaving the Swiss bank.

Chris Niehaus, UBS's head of industrials investment banking in Europe, will leave in the coming weeks, according to three people familiar with the matter. Other bankers on the way out include Carsten Ridder, a managing director in European industrials based in Frankfurt, and Dr Anthony Hartley, a managing director in pharmaceuticals, the people said.