| July 22
July 22 UBS AG, the Swiss bank, has
hired a new sector head to grow its America's power investment
banking practice, according to an internal memo obtained by
Craig Edgar will be a managing director and sector head of
power in the New York office of the Swiss Bank. David
Whitcher will also be joining UBS as managing director.
Alongside Russ Robertson, a managing director at UBS, the
trio will form the power group's leadership team with Edgar in
UBS's power investment banking practice serves clients such
as alternative energy providers, independent power producers
and electric and gas utilities in the United States and
Since 2001 Edgar worked with the global power & utilities
investment banking group at Morgan Stanley. His clients included
large-cap electric and gas utilities in the U.S. and around the
Whitcher and Edgar have worked together at Morgan Stanley
since Edgar joined the New York-based investment bank in 2005.
Whitcher has relationships with major regulated utilities
companies, transmission companies, merchant generators, waste
companies, private equity investors, and infrastructure funds.
The contents of the memo were confirmed by a UBS
(Reporting by Mike Stone. Editing by Andre Grenon)