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UBS AG's Canadian investment banking unit is adding to its equity capital markets desk, bringing on Rob Magwood.

Mr. Magwood has focused on mining and energy, the hot spots in Canadian banking. At Stifel he was director of equity capital markets, and before that he worked in Ottawa as an economist at the Department of Finance.

UBS is traditionally a busy equity capital markets house but it's had a slow start to 2010. After the first two quarters, UBS ranked 19th in the Thomson Reuters league tables for equity issuance in Canada.

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