UBS Collapse Continues As Entire Energy And MLP Americas Banking Team Defects To Citigroup
Life at UBS continues to suck, as rumors of defections eventually ceasing are greatly exaggerated. Today we have learned that the entire American UBS energy and MLP investment banking team has defected to Citi. This follows such high profile departures as the firm's healthcare and stock churning teams leaving for Jefferies some time ago, and who knows how many other people. Those who are seeking to get a confirmation from UBS' Stephen Trauber may have to look for him at his new position somewhere in the bowels of 399 Park.