Monday, 22 December 2014
Last updated 1 hour ago
Jan 10 2014 | 12:26pm ET
Two top private-equity firms have bolstered their ranks at UBS' expense this week.
Yesterday, Blackstone Group announced its hire of James Schaefer as a senior managing director. Today, the Carlyle Group reeled in its own UBS banker, Boris Okuliar, as head of capital markets for its global markets strategies business. Both men will be based in New York.
Schaefer was global head of power and renewable energy at UBS, while Okuliar was head of leveraged capital markets in London.
"Jim's talents, leadership and formidable CEO network will be critical to accelerating our success and raising the firm's profile in this area," Blackstone Advisory Partners global head John Studzinski said of Schaefer. "We anticipate adding further professionals to our energy and power team in the near term, as this is one of our core industry areas of excellence."
"With his extensive background in syndicated and middle-market leveraged finance in the U.S. and Europe, Boris will play an important role in helping ensure that global market strategies, and in particular our GMS Finance business, are strongly anchored within the banking and sponsor community, enabling us to continue to invest wisely and create value for our investors," Carlyle's Mitch Petrick said of his firm's new hire, who will start in February.
The latest raid on UBS follows Blackstone's hire of Karl Knapp, the bank's former head of global industrials, to lead Blackstone Advisory's own global industrials practice.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.