UBS Global Asset Management’s head of wholesale for Europe and the Middle East, Rob Lay, has assumed interim responsibility for strategic alliances after the departure of current head Warren Tonkinson for Skandia, this publication can confirm.

The moves come as the head of UK wholesale, Graham Kane, retired from the business in August last year. Tonkinson is set to take up the role of head of UK distribution at Skandia.

UBS Global Asset Management has said it aims to add more sales staff to its UK wholesale team.