UBS has promoted two senior dealmakers to lead its leveraged finance business in Europe, after former head Sarah Mackey moved on to run its investor relations function.
Oliver Gaunt and Abudy Taha have been named co-heads of leveraged finance for Europe, the Middle East and Africa, according to an internal memo seen by Financial News sent by global leveraged finance boss, David Slade.
Mackey, who has been leading UBS’s leveraged finance team since October 2019 having joined from Royal Bank of Scotland six years ago, was named head of investor relations at the Swiss bank, a separate memo from group chief financial officer Kirt Gardner said. She will take over from Huw van Steenis in November, who will continue as special adviser to chief executive, Ralph Hamers.
Bloomberg first reported Mackey’s new role.
Gaunt has worked at UBS since 2010 in a number of senior leveraged finance roles. He was featured in FN‘s rising stars of investment banking list in 2018. He has also overseen the bank’s recruitment of interns and graduates into its global banking business over the past two years.
Taha joined UBS in 2015, working in senior roles within its capital markets and syndicate business. He joined from Swiss rival Credit Suisse and previously spent 12 years at Deutsche Bank.
Recruitment of senior leveraged finance dealmakers has stepped up in recent months. Uday Malhotra joined Bank of America as head of leveraged finance origination from Goldman Sachs in July, while Joe Bishay, who lead the US bank’s Emea leveraged finance capital markets business, moved to Credit Suisse.
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