Honest question: How does UBS keep losing to Barclays if all the Barclays TMT team came over a year ago?
Recent examples of continued Barclays TMT dominance over UBS TMT since September started:
- Dish - Direct TV deal
- https://www.reuters.com/markets/deals/directv-cli…(Reuters,a%20combined%2020%20million%20subscribers.
- Progress - ShareFile Deal
- https://finance.yahoo.com/news/progress-acquire-s…
- Verizon - Frontier Deal
- https://www.verizon.com/about/news/verizon-to-acq…
- Lost out on being a lead book-running manager on Cerebras IPO
- https://www.businesswire.com/news/home/2024093038…
- Lost out on being a lead book-running manager on KinderCare IPO
- https://www.businesswire.com/news/home/2024092971…
They are going to have to hire diffrent senior bankers who can actually win.
So many other examples within tech. On the M&A side, Barclays was on Synopsys-FP/Clearlake and were in lead left positions for CVC-Epicor, Digicert-Vecara, and Nuvei-Advent, none of which UBS even sniffed. Haven’t seen UBS Tech in a $1B+ M&A deal for months. Even within capital raises, UBS missed out on the Arm IPO and lost out on lead left to Barclays on an Allegro MS follow-on.
Its embarrassing given how many new hires they have…Barclays seems to be thriving without those that jumped ship.
Good riddance to those who left for UBS
It hasn’t been months, feels like it’s been years since a meaningful UBS Tech role in a $1B+ M&A deals
Barclays has a really good telecom MD (who funnily enough originally came from CS back during the archegos implosion)…other than balance sheet he’s prob why they are winning a lot of the large comms deals
Damn.. why didn't we hire him too?
Following
can you blame him?
guy is getting paid handsomely - id do the same
Where does the buck stop?
Some clients are clients of the bank some clients are clients of the banker. This is only discovered when a banker changes firms.
what, you mean these MDs that didnt get top top bonuses that came to UBS didnt have clients 100% loyal to them over a large multinational bulge bracket firm with trillions under management?
really shocking to me...
Let’s hope their bonus structure is advising:
2024 bad time to do deals
2025 best time ever to do deals
then the flood gates open in 2025
But their past clients are still doing deals with other banks 👀
UBS will underwrite anything, including and up to your mum's fanny
Can they underwrite a loan to pay large guarantees to good senior bankers? Asking as a deal-deprived analyst
.
Are there any sectors in TMT that UBS in the US is known for with the new seniors? I can’t really find many deals
They are still trying to turn it around. Old CS tech was much better and simply got decimated with just a handful of people remaining with all rainmakers gone
Any other theories?
If the entire design and production team for Ferrari jumped ship to hyundai to build a korean supercar that rivaled a ferrari, it would still be a tough sell against a "ferrari" it would barely put a dent in the supercar market that ferrari leads in.
Yeah Barclays TMT probably was not doing well because of those who left UBS, but in spite of those who left for UBS based on recent performance
Aly Alibhai just left for DB and the Barclays TMT team sucks so terrible outlook for this group
Tough news but we also hired a new MD recently
Fine meaning you can’t get worse than no significant deal flow and simply begging sponsors to throw you in deal press releases?
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