UBS is expanding its technology team in the US with new hires aimed at enhancing its coverage of the sector and improving its ranking in the region. The bank has appointed Kevin Cullinane as a managing director within its technology, media, and telecommunications team. He will start in July and report to Laurence Braham, the global co-head of technology in New York. Cullinane previously worked at Barclays and is one of several senior bankers who have moved from the UK lender to UBS in the US.
UBS has also brought on William Burns as a managing director in TMT, who will be based in San Francisco and report to Neil Meyer, the global co-head of media and telecoms at the Swiss bank. Burns comes from TD Cowen, where he was a senior dealmaker. UBS has been actively expanding its dealmaking team in the US following its acquisition of Credit Suisse last year, with technology being a key sector for growth. The bank aims to break into the top six investment banks in the US and has seen significant growth in its headcount.
Despite these new hires, UBS has also experienced some departures from its technology team. Ryan Lund, who was previously global head of technology banking, is set to join Houlihan Lokey, while John Jansen, head of technology M&A, has left. In Europe, former Credit Suisse executive Orazio Tarda joined UBS but recently announced his departure to Nomura to lead its technology, media, and services banking team. These changes reflect the competitive nature of the investment banking industry and the dynamic landscape in which UBS operates.
UBS’s efforts to strengthen its technology team are part of a broader strategy aimed at capturing market share and growing revenue in North America. With increased competition from other major banks like Goldman Sachs and Morgan Stanley, UBS must continue to invest heavily in cutting-edge technologies that can help it stay ahead of
