Blackstone, Carlyle Add UBS Executives

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...