UBS taps private equity chief to boost deals

NEW YORK (Reuters) - UBS AG , the Swiss bank that this month suffered the departure of some of its most senior dealmakers in the U.S., said on Monday it hired the former head of Bank of America Corp's buyout arm to bolster its deals coverage. UBS said in an internal memo that Jim Forbes, a veteran banker who has raised over $100 billion in financing for companies and advised on over $120 billion of merger and acquisition deals, would join the bank on Monday as vice chairman at UBS Group Americas. ...