UPDATE 1-Another UBS M&A boss out, new LBO heads in - memos

(Reuters) - NEW YORK, May 25 - Another top investment banker
at UBS is out, with Jeff Raich departing after six years,
according to an internal memo obtained by Reuters on Friday,
following the departure of several high-ranking UBS bankers in
the last few months.




The Swiss bank also announced a shake-up in its private
equity banking team, known in Wall Street terminology as the
financial sponsors group.


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