Eric Coombs, former executive director in the loan products group at Morgan Stanley, left the securities firm for UBS Warburg last week. Officials familiar with the situation said that Coombs would begin working at UBS next month as a senior loan director in the bank's loan syndications group. At Morgan Stanley, Coombs reported to Michael Hart, managing director. He will now report to David Juge, head of loan syndications at UBS. This is the second addition to UBS' loan group in as many weeks. Kevin Latimer left Deutsche Bank's loan sales group two weeks ago also to join the Swiss bank (LMW, 3/17).
Meanwhile, Coombs is the third departure from Morgan Stanley's loan syndications group this year. Bram Smith, the former head of loan syndications left in January (1/13) and Anne Greven, former v.p. in the firm's par loan sales group joined Rabobank International as an executive director working with par loan sales (3/17). Officials and spokespeople at UBS and Morgan Stanley declined to comment. Coombs could not be reached by press time.