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Moelis snags another UBS alumnus

One of the bankers involved in the auto bankruptcies and government-bailout talks this year is moving to a new shop.

Andrew Horrocks, a UBS managing director and Americas head of capital goods and transportation, is leaving the Swiss giant for the investment bank boutique Moelis. He spent 13 years at UBS or its predecessor Dillon Read, mostly advising auto makers like Ford Motor and other heavy-industrial companies. Before that he worked four years at Bankers Trust as an investment banker.

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