Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

UBS Hires Rothschild’s Grafstein as Co-Head of Americas M&A

Don't Miss Out —
Follow us on:
UBS Hires Rothschild’s Grafstein as Co-Head of Americas M&A
Grafstein advised on transactions exceeding $600 billion in total value during a career that has spanned more than 20 years, Stephen Cummings, UBS’s chairman of investment banking for the Americas, said in the memo. Photographer: Gianluca Colla/Bloomberg

Aug. 21 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, hired Laurence Grafstein from Rothschild to help run its mergers-and-acquisitions business in the Americas.

Grafstein, 51, plans to join UBS in New York as co-head of M&A in the Americas, the Zurich-based firm said today in an internal memo obtained by Bloomberg News. He was an executive vice chairman at Rothschild, the largest family-owned investment bank, where he has worked since 2009.

Grafstein advised on transactions exceeding $600 billion in total value during a career that has spanned more than 20 years, Stephen Cummings, UBS’s chairman of investment banking for the Americas, said in the memo. He spent much of that time advising telecommunications companies such as Sprint Nextel Corp. and Comverse Technology Inc.

In 2009, Grafstein was among a group of investors that bought the New Republic magazine. They put the century-old political publication up for sale this year, and Facebook Inc. co-founder Chris Hughes, 28, bought a majority stake in March.

Grafstein previously was head of technology, media and telecommunications at Lazard Ltd. and head of telecommunications at Credit Suisse Group AG, said Cummings, 57.

In addition to advising companies, Grafstein counseled governments in the privatizations of Telefonos de Mexico SAB and Telstra Corp., and worked on Canada’s investments in General Motors Co. and Chrysler Group LLC, Cummings said.

At UBS, Grafstein will work alongside co-head Marc-Anthony Hourihan and report to Cummings.

UBS is the 14th-biggest adviser on mergers and acquisitions in the Americas this year, according to data compiled by Bloomberg, and Rothschild ranks 12th.

To contact the reporter on this story: Zachary R. Mider in New York at zmider1@bloomberg.net;

To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.