UBS has hired Richard Beaudoin as executive director in its industrials investment banking group. Most recently, Beaudoin was an executive director in the syndicated loan group of Credit Suisse First Boston, but was a part of a round of layoffs about nine months ago, according to a CSFB spokesman.
Beaudoin is expected to start next week and will report to Jeff McDermott, joint head of the global industrials group and Kevin Cox, head of the Americas group. Cox confirmed the hire and said Beaudoin will lead the leveraged finance effort in the group's coverage areas--capital goods, aerospace defense, forest products and packaging, chemicals and building products.