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Senior UBS dealmaker to leave Swiss bank

Thu, 19th Sep 2013 15:55

LONDON, Sept 19 (Reuters) - Simon Warshaw, a seniordealmaker at UBS who led the team advising Vodafone on a recent $130 billion deal, is leaving the Swissbank after 27 years there.

Warshaw, seen by many internally as one of the pillars ofthe Swiss bank's famed advisory business that UBS inherited withSG Warburg - an investment bank it bought in 1995 - worked onsome of the largest transactions in the media sector.

Warshaw has decided to leave UBS to embark on "a new chapterin his career", according to an internal memo sent by AndreaOrcel, the head of UBS's investment bank, the contents of whichwere confirmed by the bank.

Simon Warshaw declined to comment when reached by telephone.

Warshaw joined UBS in 1986 as a graduate trainee and hassince held a variety of roles, including head of its globalmedia group and head of investment banking in Europe, the MiddleEast and Africa.

He was a longstanding adviser to Vodafone, which this monthsealed the world's third largest transaction with its exit froma U.S. wireless joint venture with Verizon, and mostrecently moved into a role working on initiatives to developcorporate client solutions following the arrival of Orcel inJuly 2012.

Poached from Bank of America Merrill Lynch, Orcel, afamed dealmaker himself, made his mark on the investment bankwith a series of hires despite a big shake up in the business,including a withdrawal from fixed income activities and cutting10,000 staff.

Orcel's memo said Warshaw will maintain a close relationshipwith UBS and continue to work with it on a number of key clientsand projects.

Named in 2009 as 46 in the MediaGuardian 100, a list ofpowerful figures in the media industry, Warshaw also worked onVodafone's $19 billion acquisition of Hutchinson Essar andadvised Reuters on its $17.2 billion acquisition by Thomson.

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