UBS taps bankers from Credit Suisse, Goldman Sachs
(Reuters) - UBS AG has hired Doug Simons and Tannon Krumpelman as managing directors as part of the bank's efforts to expand its financial institutions group.
Simons is a Wall Street veteran of more than 20 years who specializes in commercial banks and depository institutions, UBS said on Thursday.
He joins UBS from Credit Suisse . Prior to Credit Suisse, Simons worked at Morgan Stanley and Citigroup .
Simons has worked on deals such as Capital One Financial Corp's acquisition of Chevy Chase Bank and BB&T Corp's purchase of Colonial Bank.
Krumpelman will join UBS after nine years at Goldman Sachs Group Inc , where he built Goldman's domestic mid-cap depository investment banking franchise, UBS said.
He has advised on transactions for clients such as Bankia SA , BankUnited Inc , Everbank Financial Corp and Suntrust Banks Inc , UBS said.
(Reporting by Nicola Leske; Editing by Dan Grebler)
