UBS expands with Goldman hire

UBS has hired a Goldman Sachs Asset Management investment professional to work on secondaries advisory.

Jarid Colucci joined the Swiss bank’s private funds group in New York as a director in November, according to two sources familiar with the matter.

Colucci joins a team of 15 professionals working on secondaries at UBS, it is understood.

Colucci spent four years at Goldman Sachs AIMS private equity where he was a vice-president focusing on real estate and private equity secondaries in the bank’s Vintage programme, according to his Linkedin profile.

Goldman is investing its Vintage VII fund which has surpassed its $5 billion target and had collected just over $7 billion as of June, according to PEI data.

UBS and Goldman Sachs declined to comment.