UBS Investment Bank will expand its Global Energy banking practice with the addition of 18 seasoned bankers focused on energy lending.
As part of this expansion, UBS has named Darrell Holley as Managing Director and Global Head of Energy Lending.
Commenting on the decision, Stephen Trauber, Global Head of Energy banking at UBS, said: “The energy sector has been very resilient during the current economic downturn, and we expect it will be one of the most active sectors in mergers and acquisitions, and equity and debt financings as the economy recovers. “The addition of a highly experienced team with deep knowledge of energy lending markets will bolster our ability to serve clients, grow our overall lending franchise and continue to increase our energy market share”.
The 18-person team will be based at a new UBS Investment Banking Department office in Dallas, Texas, and will complement UBS’s existing Energy Banking team in Houston and New York. The team joining UBS has significant experience in the energy lending arena and has transaction experience across a broad range of markets, products and borrowers.