Uber's top European dealmaker to step down

Uber Technologies Inc's top European dealmaker is stepping down from his role, the latest in a series of management changes at the ride-hailing service.

The US company said on Wednesday that Fraser Robinson was quitting as head of business for Europe, Middle East and Africa (EMEA), but would continue as a senior adviser to the company.

Robinson oversaw Uber raising $3.5 billion from Saudi Arabia's sovereign wealth fund in 2016.

“After more than three outstanding years as Head of Business for EMEA at Uber, Fraser has decided to step down from his extremely demanding and travel-intensive role in favour of being appointed a Senior Adviser to Uber”, a spokeswoman said in a statement, confirming a report in the Financial Times newspaper.