UBS Investment Bank has hired two senior investment bankers within the firm’s financial sponsors group. Allen Bouch and Scott Norby will join the firm’s investment banking department (IBD) as managing directors, reporting to Steven Smith, global head of leveraged finance and Americas head of financial sponsors.

Mr Bouch joins UBS from Citigroup, where he was most recently in the financial entrepreneurs group and head of the San Francisco Investment Banking Group. He brings 21 years of investment banking experience.

Most recently, Mr Norby was a managing director at North Sea Partners where he led financial sponsor coverage.

Mr Smith, said: “Our financial sponsors deal pipeline continues to grow as financing markets have normalized and sponsors are becoming more active in both acquisitions and exits. We are delighted Allen and Scott will be joining UBS.

“I am confident they will help strengthen and advance our Financial Sponsors practice through their deep knowledge of the sponsor community and proven credibility advising and delivering strategic solutions to top clients in this space.”

Kevin Cox, Americas head of IBD, said: “The financial sponsor community represents a very important group of clients for UBS. We are committed to serving clients with bankers like Allen and Scott who can deliver innovative ideas, valuable insights and flawless execution.”