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SVB bulks up in investment banking with tech hires
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Technology Bankers in Demand as Deals Pile Up in Busy M&A Year
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Hello readers,
Happy Saturday, and welcome to Insider Finance. Here s a rundown of our must-know stories from the past week:
JPMorgan and Morgan Stanley leadership shake-ups put CEO candidates in the spotlight
SVB Leerink poached a team of senior UBS tech bankers, including Jason Auerbach, the group head
Kirkland & Ellis has offered up to $250,000 signing bonuses amid nonstop M&A and capital-markets work
Lone Pine s Mala Gaonkar is one of the hedge-fund industry s most interesting characters
Cathy Bessant, Bank of America s top tech exec, added a new direct report
Restaurants and bars rejoice as New York s bankers return to the office
UBSÂ Loses Nine TMT Investment Bankers to SVB
This content was published on May 20, 2021 - 17:18
May 20, 2021 - 17:18
(Bloomberg) At least nine bankers have left UBS Group AGâs technology, media and telecommunications group to join SVB Financial Groupâs advisory arm, including group head Jason Auerbach, according to people familiar with the matter.
The people who asked to not be identified discussing a private matter said other bankers joining SVB Leerink include:
Bob Casey
Zheniya Sidarchuk
The departures represent a setback for UBSâs U.S. investment-banking efforts. All of the bankers were managing directors at UBS except for Sidarchuk, an executive director.
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