UBS has promoted a senior dealmaker to head up its private capital business in Europe.
The Swiss bank has named Jason Hutchings as head of private financing markets for Europe, the Middle East and Africa, it said in a 19 May statement.
Hutchings has been with the Swiss bank since 2015, and is currently head of its natural resources investment banking group in Emea, a role he will retain. He replaces Isabelle Toledano-Koutsouris.
He will report into Paul Crisci, global head of private financing markets, and Laurent Bouvier, co-global head of its industrials investment banking team.
“I am confident that Jason’s excellent client relationship skills will help to build out our PFM offering in the region and that he will work seamlessly with our colleagues in global wealth management and asset management to deliver unique and differentiated private capital solutions,” a memo announcing his appointment said.
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Private capital markets have become an increasingly important part of investment banks’ arsenals in recent years, with firms in Europe building out teams of bankers as more high-growth companies have stayed away from public markets for longer.
In March, Bank of America named Aga Masud as head of private capital markets for Emea and has also hired Duncan Stewart from Goldman Sachs to co-head its cross-asset advisory unit, which covers private companies in high growth sectors such as technology.
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