Ed Kearns has joined the loans sales and trading desk at UBS starting last week. Kearns will be a director in loan sales and will report to Brendan Dillon, managing director and head of loan sales at UBS. Kearns had been a v.p. and loan sales manager at Goldman Sachs prior to his retirement from the firm last July. He had been at Goldman for 16 years and was said to have retired for personal reasons (LMW, 7/7).
One source suggested that UBS hired Kearns to support the flood of new issue that the firm was bringing to the market. He added that the firm was likely to look to bulk up on other new hires, although it is unclear how many people would be needed and what positions they would hold. Kearns and Dillon declined to comment. A UBS spokesman confirmed the hire.