MacCallum Finds A Bigger Opportunity

David MacCallum, formerly co-head of investment banking at Hambrecht & Quist, has moved to Union Bank of Switzerland, where he will head the health care group.

UBS, the largest bank in Switzerland and the second largest bank in Europe, has a very strong health care group in Europe but very little in that area in the U.S., MacCallum said. "My charter is to build the U.S. group and then integrate it with Europe," he told BioCentury. UBS has sales and trading activities in the U.S.; MacCallum's job will be to develop the research and investment banking functions in the health care area...