Mediaboss Marketing

By David Benoit and Brett Philbin

UBS has hired a new top banker in its real-estate, leisure and lodging investment banking unit, according to an internal memo.

Peter Baccile will join the Swiss giant from J.P. Morgan where he spent the past 25 years building a rolodex of clients that include Simon Properties, MGM and Wynn.

This follows several big hires by UBS including grabbing from Bank of America Andrea Orcel and Jim Forbes. It also follows the hiring of a managing director, Simon Leopold, in the real-estate group from KBW.

Though UBS hasnt been without departures in the Wall Street revolving door, with Alex Wilmot-Sitwell leaving for BofA; internet analysts Brian Fitzgerald and Brian Pitz leaving for Jefferies; and Roland Phillips leaving for Centerview Partners.

Heres the memo from UBS Simon Warshaw and Matthew Grounds, the joint global heads of investment banking.

Building on our strengths in Real Estate Investment Banking

We are very pleased to announce that Peter Baccile will be joining our firm as joint Global Head of Real Estate, Leisure and Lodging within IBD (RELL), working in partnership with Jackson Hsieh. Upon joining UBS in mid-June, Peter will report to Matthew Grounds and Simon Warshaw.

The global co-head model for the RELL group was the vision of Jackson Hsieh, in his effort to provide additional banking coverage in the Americas and abroad. Together, he and Peter will work to significantly grow our firms RELL market share, a business where we already enjoy a strong global franchise, with Ken Cohen running CMBS and Fergus Horrobin covering EMEA and APAC RELL.

Peter is widely recognized as a leader on Wall Street in real estate investment banking, with clients such as Starwood Capital, Simon Properties, Vornado, EQR, SL Green, MGM, Wynn and Colony Capital.

The rest is here:
UBS Hires J.P. Morgan Real Estate Banker