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Investing.com -- UBS has hired Taylor Henricks as its head of mergers and acquisitions in the Americas, as part of its strategy to expand investment banking operations in the U.S.
As reported by Reuters on Tuesday, Henricks will also serve as UBS’s head of technology M&A, a role similar to his previous position at Morgan Stanley (NYSE:MS). He will begin working at the Swiss bank in October and will be based in Menlo Park, California, reporting to Jeff Hinton, the global co-head of corporate and sponsor advisory at UBS Investment Bank.
This appointment comes as UBS continues its efforts to grow in the U.S. investment banking sector following its acquisition of Credit Suisse in 2023. The American investment banking market is dominated by U.S. lenders and represents a lucrative opportunity for the Swiss bank.
In an internal memo quoted by Reuters, Hinton stated that Henricks’s expertise would help UBS "capture even greater market share" in the Americas, which the bank considers a "strategically important region."