UBS is beefing up its technology sector team in Asia by bringing in Randy Gelber from SMBC Nikko, the bank announced in an internal memo obtained by FinanceAsia on Wednesday.
When he starts in April, Gelber will become a managing director and head of the technology, media and telecommunications (TMT) group, according to the memo from Sam Kendall, head of corporate client services for Asia Pacific.
At SMBC Nikko, he was most recently head of investment banking Americas. Prior to that, he spent more than five years with Barclays, holding senior positions including head of technology services and enterprise solutions in Americas and head of TMT for Asia Pacific.
A UBS spokesman in Hong Kong confirmed the contents of the memo, but declined further comment.
Over his two decades of deal-making experience, Gelber has completed more than 50 advisory and financing transactions worth more than $50 billion in total, including a $600 million bond financing for Tencent and a $4 billion worth of credit facilities for Alibaba Group, according to his LinkedIn profile.
Gelber will also join UBS's Asia Pacific management committee and take responsibility for helping drive sector integration across the region.
UBS has seen a series of personnel changes in the region in recent months, most recently losing its Asia-Pacific head of investment banking, Joseph Chee. His exit followed Asia ECM co-head Damien Brosnan’s resignation in December and the departure of Asia bond duo Paul Au and Patrick Liu in November.
