Moelis raids UBS to hire old colleagues
WALL STREET banking star Ken Moelis has poached another high-profile executive from UBS, in the latest of a string of defections at the Swiss lender.
He has added Liam Beere, one of UBS’s most prominent European dealmakers, to his team at Moelis & Co, the boutique advisory firm he set up in 2007.
Moelis had been a star banker at UBS and has poached about 30 other top executives from the bank since he broke off on his own.
Other high-profile defections from UBS to the New York-based boutique include Rick Leaman, the former chairman of the Swiss lender’s investment banking operation.
Beere, who has been at UBS for 19 years, had previously worked with Moelis.