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Investment Banking

UBS hires for expanding private deals team

Investment banks in the City have been growing their divisions that advise companies on raising private capital

UBS has bolstered its London team advising clients on off-market transactions — an increasingly important division in investment banks as more companies tap private equity capital rather than turning to public markets.

Charles Favard, formerly a senior director at CBRE Capital Advisors, the property group, has joined the Swiss bank as head of real estate clients for the private funds group, according to a January 30 memo seen by Financial News.

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