April 10 (Reuters) - UBS Group has hired Evan
Raine to head its media and telecoms mergers and acquisitions
unit in the Americas to help the bank capture more market share
from advising on deals in the sector.
Raine will start at UBS on April 14 and will be based in New
York, Jeff Hinton, global co-head of mergers and acquisitions at
UBS, according to an internal memo reviewed by Reuters on
Thursday.
A spokesperson for UBS confirmed the contents of the memo.
Raine joins UBS from Adams Outdoor Advertising,
a home advertising operator, where he was Chief Financial
Officer for the past two years.
Prior to that role, Raine was a managing director in the
technology, media and telecoms group at Barclays ( JJCTF ) and held
several positions across the media and communications M&A group.
Raine spent 14 years at Barclays ( JJCTF ) after joining the bank in 2008,
according to his LinkedIn profile.
Hinton said Raine has led many high-profile strategic
transactions across M&A, leveraged capital markets, and other
deals in his more than 30 years of experience. He has
represented a broad range of industry leaders, including Cox
Media Group, Endeavor, Clear Channel, Univision, Verizon and
Sprint, among others, the memo added.
Hinton said Raine would help UBS focus on growing its market
share in the media and telecoms industry, which "represents a
significant global fee opportunity for the firm."
"We are committed to expanding our client relationships and
capabilities in this important sector," Hinton said in the memo.
In March, UBS also hired Ethan Sawyer as global head of
media from Guggenheim Securities. The bank's previous global
head of media and entertainment, Aly Alibhai, left UBS to join
Deutsche Bank as its new head of North America M&A last year.