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It's been quite a week at UBS Warburg. Just as the firm was able to convince the former head of its tech-banking practice to return to the fold-filling a glaring hole-UBS Warburg lost a star telecom M&A banker, its co-head of U.S. M&A. It all happened in the same week that regulators effectively stopped the planned merger between WorldCom Inc. and UBS Warburg client Sprint Corp., a deal that helped boost the firm to ninth place in the 1999 U.S. announced M&A league tables.
The good news for UBS was its ability to lure James Feuille back as managing director and global head of the technology sector at UBS. Feuille, a highly-regarded Silicon Valley banker, left the firm in 1998 as many other tech bankers did during a time of upheaval. The tech bankers worked for Union Bank of Switzerland, which merged with Swiss Bank Corp. in 1998 after years of pressure from shareholders.
"Here in the States, the frustration is that we haven't done many technology deals since Jim left," acknowledged Huw Jenkins, head of...