Wednesday, May 30, 2007

UBS names Los Angeles investment bank office heads

(Reuters) - Stewart and Joliet succeed Jeff Raich, the bank's global
M&A co-head who announced his resignation on Friday after six
years. Raich is the latest top investment banker to leave the
Swiss bank's dealmaking ranks over the past 2-1/2 months.




UBS investment bank President Ken Moelis, also based in Los
Angeles, and former investment bank co-head Jeff McDermott
quit, both quit in March, fueling speculation that other
departures would follow amid concern the bank was reluctant to
finance some leveraged buyouts.


Read more at Reuters.com Mergers News

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