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UBS Americas tech bankers join Centerview - paper

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JoeBlack   Wednesday, 06/18/08 08:51:37 AM
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UBS Americas tech bankers join Centerview - paper

NEW YORK, June 18 (Reuters) - The co-heads of UBS AG's (UBSN.VX: Quote, Profile, Research, Stock Buzz) technology banking business in the Americas will depart the bank to join the boutique investment bank Centerview Partners, the Wall Street Journal reported on Wednesday.

The moves by David Handler, 43, and David St. Jean, 47, are the latest in a string of departures from the Swiss bank, including that of Ken Moelis, the newspaper reported in its online addition.

The Americas technology banking group brought in about $100 million in revenue for UBS last year, the newspaper said, citing a person familiar with its operations.

Handler and St. Jean joined UBS from Bear Stearns, where they advised on deals including Cisco Systems Inc's (CSCO.O: Quote, Profile, Research, Stock Buzz) $6.9 billion purchase of Scientific-Atlanta Inc in 2006.

While at UBS, the bankers worked with Huawei Technologies Co [HWT.UL] on the sale of its stake in a joint venture with 3Com Corp (COMS.O: Quote, Profile, Research, Stock Buzz). (Reporting by Matt Daily; Editing by Quentin Bryar)



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