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UBS is looking to hire more SPAC-focused junior bankers as rapid-fire deals pile pressure on young Wall Street

UBS is looking to hire more SPAC-focused junior bankers as rapid-fire deals pile pressure on young Wall Street

UBS is looking to hire SPAC-focused bankers
Thomson Reuters




UBS is looking for junior and mid-level bankers focused on SPACs, according to LinkedIn postings.




Banks have been flooded with SPAC work, and that's contributing to long hours across Wall Street.




Other firms like Goldman Sachs are stepping up their off-cycle hiring.




See more stories on Insider's business page.


UBS is looking to hire SPAC-focused bankers, highlighting how firms are hunting for fresh talent to help with an avalanche of work created by the blank-check boom. The firm in the last few weeks has posted job openings on LinkedIn for associates, analysts, and VPs to join its permanent capital solutions group, which works under the equity capital markets team, to help clients navigate the SPAC market.The permanent capital group is headed up by Carlos Alvarez, who joined UBS in 2018 and previously was in a similar role at Deutsche Bank. According to the UBS job postings the roles work across industries and geographies to provide help provide IPO and M&A advice in the "fast-growing and dynamic" SPAC market. A representative for UBS declined to comment on the roles or how many people it planned to hire. But the off-cycle job postings come as banks hustle to keep up with the SPAC mania that overtook Wall Street last year and shows no signs of slowing down. There were 258 SPAC IPOs worldwide in the first three months of the year, already dwarfing last year's total of 256 SPAC IPOs, according to data from Refinitiv.
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