(Bloomberg) -- UBS AG, Switzerland’s biggest bank, hired Ros Stephenson from Barclays Plc to be global chairman of corporate client solutions, reporting to Andrea Orcel, the investment bank’s chief.

Stephenson, based in New York, will join the executive committees of the investment bank and the Americas starting in September, according to a statement from the Zurich-based company today. She joined Barclays when the London-based bank acquired the U.S. operations of Lehman Brothers Holdings Inc., where she helped start the financial sponsors group, which advised private-equity firms such as KKR & Co.

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