The curious exit of UBS's ex-Barclays MD after less than seven months
https://www.efinancialcareers.com/news/kevin-cullinane-ubs
“Kevin Cullinane didn't last long at UBS. After joining in New York from Barclays last July, Cullinane's FINRA registration shows that he left again in January.
Why? Cullinane didn't respond to a request to comment. Nor did UBS.
Cullinane is a technology media and telecommunications (TMT) banker with a focus on software. At UBS, he was reporting to Laurence Braham, the global co-head of technology banking, who also joined from Barclays one year earlier.
Cullinane hasn't made a habit of jumping around. Before joining UBS he spent seven years at Barclays and three years at Jefferies. It's entirely possible that Jefferies will rehire him, or Rothschild seems to be in the market for senior US bankers too.
UBS hired over 24 bankers from Barclays in 2023 and 2024. Alongside Cullinane and Braham, it recruited the likes of Marco Valla,Jean-Francois Astier, some of Barclays' most senior bankers.
Cullinane arrived at UBS along with William Burns from TD Cowen. Burns still seems to be there.”
Would be interested to hear, am surprised this is post worthy because many bankers jump around quite often.
Maybe he collected his guaranteed and jumped
He definitely got laid off; no junior MD is going to have another offer to join another place without bringing in deals in his previous role. Maybe would believe this if it were a senior MD or a noted rainmaker, but he was in UBS Tech a group that since he joined has had a singular M&A deal that was under $100MM EV despite having like 10 MD's. He prob was just on the smallest guarantee or no guarantee and the bank had to make an example of a senior in the tech team to punish the team for underperformance.
no, pretty sure this is the guy that got fired for bringing over ONE slide from barclays to use in a deck and a junior ratted him out to compliance/hr which was an immediate fire (much to the group head dismay, as it was out of their hands).
That’s nuts, bet there’s more to this story like maybe that the coverup was actually worse than the crime?
Whats wrong with recycling slides? I don't understand the context of this
That seems like a stupid decision by the junior. What was the rationale there?
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