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ZURICH, April 27 (Reuters.com) - UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel’s resolve to stem persistent losses.

UBS Replaces Johansson as Head of Investment Bank After Losses (Bloomberg)

April 27 (Bloomberg) — UBS AG , the European bank with the largest losses from the credit crisis, replaced Jerker Johansson as head of its investment bank as Chief Executive Officer Oswald Gruebel shakes up management two months after joining.

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April 24 (Bloomberg) — Perenco SA , a closely held French oil company, said it will delay a planned $2 billion investment to start production at its Peruvian oil fields by two years because of slumping oil prices.

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Scotia Capital named best investment bank in Canada (Investment Executive)

Part of Bank of Nova Scotia, Scotia Capital offers corporate and investment banking and capital markets products to corporate, government and institutional clients.

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