April 25, 2011 / 7:45 PM / 8 years ago

UBS loses another tech investment banker

* John Metz will rejoin Credit Suisse

* Move marks second loss to UBS tech team in 2011

* UBS expects several new hires in next few weeks

By Nadia Damouni

NEW YORK, April 25 (Reuters) - UBS AG (UBS.N) has lost another senior technology investment banker, according to an internal memo emailed on Monday.

John Metz, who joined UBS in 2008 as managing director and head of US Communications Banking within the firm’s Technology Banking group, will rejoin Credit Suisse CSGN.VX, according to the memo.

A Credit Suisse spokesman declined to comment. UBS was not available for comment.

Metz follows other recent departures from the Swiss Bank including Eric Mandl, who last month left UBS to join boutique investment bank Evercore Partners (EVR.N).

The two most recently advised Dell Inc DELL.O on its $960 million deal to buy software company Compellent Technologies.

At Credit Suisse, San Francisco-based Metz will resume his former position as head of the Communications Banking Group, reporting to David Wah and Mark Simonian, co-heads of the Technology, Media and Telecom Group.

He is replacing Nadir Shaikh, who left Credit Suisse in February to join Frank Quattrone’s boutique investment bank Qatalyst Partners, said a person familiar with the matter,

Shaikh had previously worked on deals including Sun Microsystems’ sale to Oracle Corp ORCL.O for $7 billion.

Over the next few weeks, UBS is expected to announce several new hires within the technology group, according to the memo. (Reporting by Nadia Damouni. Editing by Robert MacMillan)

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