Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Exclusive-Top Barclays TMT investment bankers decamp for UBS -sources

Published May 15, 2023 05:04PM ET Updated May 15, 2023 06:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse
 
BARC
-2.63%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
UBSG
+0.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Milana Vinn and Anirban Sen

NEW YORK (Reuters) -At least seven top Barclays (LON:BARC) Plc technology, media and telecom investment bankers have resigned to join UBS Group AG (SIX:UBSG) in the United States in the last few days, people familiar with the matter said.

The moves add to a trio of Barclays U.S. investment bankers that UBS announced it hired last month. They illustrate how UBS is beefing up its bench of U.S. talent even as it is set to inherit Credit Suisse Group AG's investment banking group following a Swiss government-orchestrated takeover in March. Many Credit Suisse bankers are based in the United States.

UBS has hired Laurence Braham, Richard Hardegree, Richard Casavechia, Ozzie Ramos, Jason Williams, Neil Meyer and Ken Tittle from Barclays, the sources said. These bankers follow Barclays ex-colleagues Marco Valla, Jeff Hinton and Kurt Anthony, whose moves to UBS were announced in April.

The sources requested anonymity to discuss confidential personnel matters. Barclays did not immediately respond to a request for comment, while UBS declined to comment.

UBS and Credit Suisse, neighbors in their hometown of Zurich, competed head-to-head over decades for mergers and initial public offerings across the world. Sources told Reuters last month that UBS plans to retain only a small number of Credit Suisse senior bankers with strong client relationships.

Credit Suisse was planning to spin off its investment banking operations into a standalone business with veteran dealmaker Michael Klein at the helm. UBS vetoed that plan following the rescue of its Swiss peer.

At Barclays, Braham was global chair of investment banking for technology, while Hardegree served as vice chair and head of technology M&A. They worked on some of the biggest deals in the technology sector, including chip maker Broadcom (NASDAQ:AVGO) Inc's $61 billion deal to buy business software maker VMware (NYSE:VMW) Inc in 2022.

Casavechia was global chair of banking at Barclays. Ramos served as vice chair and head of communications, cable and satellite. Williams, Meyer and Tittle were managing directors in the investment banking group.

Exclusive-Top Barclays TMT investment bankers decamp for UBS -sources
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email