UBS Wealth Management Americas continued to fill out its re-emerging public finance practice, adding three more new-hires in Dallas, Los Angeles and New York.
Devin Phillips will be joining UBS as an executive director in the municipal underwriting team and will be based in Dallas. Vien Le will be joining the firm as a director in the West region. And Vincent Jannetti will be joining the firm as a director covering the mid-Atlantic/southeast region
Peter Hill, head of public finance for UBS, announced the hirs in an internal memo Thursday morning. The firm has brought on more than 20 new hires since relaunching its public finance effort earlier this year.
Phillips has been a director on Citi's syndicate desk in its public finance group, serving with issuer clients across Texas and the Southwest. He had been at Citi for over 25 years and worked with the public finance banking team as well as the sales & trading team. Since 2011, he successfully priced and placed $20 billion of senior managed transactions in the Southwest region.
He will report to Angelia Schmidt, head underwriter located in the firm's NY and Weehawken, NJ offices and is expected to start at UBS late this year.
Vien Le worked at Samuel Ramirez from November, 2013 until March 31, 2017 before moving to the muni advisor firm Kosmont Transactions Services from April until August, 2017. He will report to Andrew Nakahata, head of public finance west region.
He has over 16 years of municipal investment banking and financial advisory experience. He has directly transacted over $20 billion of municipal financings in California and the Midwest for water and power utilities, transportation and general governmental infrastructure projects as well as capital equipment purchases. He will be based in Los Angeles and will start this month.
Jannetti has over 14 years of experience in municipal fixed income products and was most recently at JP Morgan. He has served as senior manager on over $10 billion of senior managed debt funding for municipal issuers including Washington Metropolitan Area Transit Authority, Metro Government of Nashville and Davidson County, District of Columbia, Virginia College Building Authority, Fulton County, Georgia and Fairfax County, Virginia. He will be based in New York and will start this week.