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UBS Strengthens Infrastructure Advisory Practice With Addition of Three Seasoned Professionals
UBS announced today that it has hired three seasoned professionals to its Infrastructure Advisory practice. Irene Walsh will join UBS as an Executive Director in UBS's Infrastructure Group. Walsh has over 25 years of experience in infrastructure, including previous work in ratings, advisory, credit banking and debt capital markets. She will be based in New York and report to Carol Rein, Americas Co-Head of Infrastructure.
Walsh, 50, was most recently a Director at KPMG in London where she advised governments and corporations globally. Previously, she was a Senior Banker with the European Bank for Reconstruction and Development (EBRD). Before joining the EBRD, Walsh was a municipal analyst at Moody's Investor Services in New York where she was on the rating committee that determined public finance ratings issued by the firm.
Walsh holds a B.A. from The George Washington University and an M.A. from the John F. Kennedy School of Government at Harvard University.
"We see strong growth for infrastructure privatization over the coming years in the U.S.," said Rein. "As we work on a number of significant transactions nationwide, we will be able to draw on the deep and diverse work experiences of our new hires."
Additionally, Michael Placencia has joined the UBS Infrastructure Group as a Director, reporting to Carol Rein. He joins from Goldman Sachs where he specialized in municipal transportation, airport and infrastructure engagements. Prior to joining Goldman Sachs, Placencia, 35, worked in the California Governor's Office. He holds a B.A. from the University of California at Berkely and an M.B.A. from the Wharton School at the University of Pennsylvania.
UBS also announced today that Bruce Crane joined the UBS Infrastructure Group as a Director, reporting to Tom Osborne, Americas Co-Head of Infrastructure. Crane, 34, joined UBS from Morgan Stanley's energy advisory group where he gained significant experience in energy sector M&A and financing. He earned a B.S. in civil engineering from Lehigh University and an M.B.A. from Columbia University.
"The addition of these seasoned professionals underscores UBS's commitment to the rapidly expanding infrastructure privatization sector in the Americas," said Osborne. "Irene, Bruce and Mike all bring significant experience and strong industry relationships that will help UBS's leading practice continue to build on its strong momentum."
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Doug Morris: +1-212-882-5694
New York, June 20, 2007
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