UBS has hired two new managing directors for its financial institutions group in the Americas.
The two bankers Tannon Krumpelman and Doug Simons will join the Swiss bank from Credit Suisse and Goldman Sachs respectively in a move to strengthen its financial institutions unit.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The duo will work in corporate client solutions in their new roles.
Krumpelman has joined UBS from Goldman Sachs, where he has worked for nine years and was named a managing director in 2011. At Goldman Sachs, he was responsible for developing its domestic mid-cap depository investment banking business. Prior to this, he also worked at Suntrust, BankUnited and Bankia.
Simons has joined UBS from Credit Suisse and also worked with US banks and financial firms such as Morgan Stanley and Citigroup on balance sheet strategies. He has also worked on deals including Capital One’s purchase of Chevy Chase Bank and BB&T’s acquisition of Colonial BancGroup.
According to UBS, the new hires come as part of bank’s effort to expand its FIG franchise and further increase its ability to deliver to clients in this high priority sector.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
