UBS appoints secondaries co-heads

PE Manager tracks third party service providers: UBS names co-heads for its private equity secondaries business; Duff & Phelps appoints its European managing director; and more.

• UBS named managing directors Philip Tsai and Nicolas Lanel as co-heads of the firm’s private equity secondaries business. The appointments follows the recent resignation of group head Nigel Dawn, who also helped manage the bank’s private funds group. The private funds group will continue to be run by existing co-heads Jake Elmhirst and James Moore.

• Valuation specialist Duff & Phelps has appointed Dafydd Evans managing director to its European M&A practice. Evans will be based in the firm’s London office and has more than 13 years of corporate finance experience. Prior to joining Duff & Phelps Evans worked at M&A consulting firm DC Advisory for seven years.

• Mid-market investment bank Harris Williams & Co. has opened an office in Frankfurt. The office will be led by Harris Williams managing director Jeffrey Perkins.

• Private equity software provider eFront has hired Paul Wheeler as chief operating officer and Richard Watrasiewicz as vice president of the firm’s global services and support team. Prior to eFront, Wheeler was managing director at software provider Wall Street Systems. Watrasiewicz was formerly a director at banking software provider Temenos, Misys and Odyssey.

• Fund administration firm Dominion Corporate Group has been renamed Crestbridge. The firm provides services for both regulated and non-regulated fund vehicles, including private equity, real estate, and mezzanine finance, fund of fund and hybrid structures. 

• Citi has expanded its private equity services business into Luxembourg. The launch of these services follows Citi’s recent offerings in Dublin and Singapore. The bank offers fund administration and tax compliance services.

• Consultancy firm Mercer has appointed Adam Rosenberg as the M&A leader for the UK. Rosenberg joined Mercer in 1995 and advised multinationals and private equity firms as a partner and senior actuary at the firm. His new role will see him based in London and Manchester.