UBS taps Credit Suisse exec as EMEA private funds head

UBS has appointed its first head of EMEA within its private funds group by hiring a fundraising and secondaries-focused professional from Credit Suisse.

Marc Wursdorfer will be based in London and will report to UBS’s global head of private funds group Kevin Kuryla and EMEA head of corporate clients solutions Javier Oficialdegui, according to a statement from the bank.

Wursdorfer spent 15 years with the Swiss rival, according to his LinkedIn profile, nine of which were with its private funds group. He was responsible for primary capital raising in the Nordic region and sourcing secondaries transactions.

Wursdorfer is replacing James Moore, who announced his retirement as co-head of the private funds group in May, according to a spokeswoman for the firm. Moore co-founded the team in 1998.

UBS’s private funds group has raised more than $36 billion of capital since the global financial crisis and advised on more than 130 secondaries transactions representing $53 billion in commitments, according to the statement announcing Moore’s retirement.

In November UBS strengthened its secondaries advisory team in New York with the appointment of Jarid Colucci, who had spent four years as a vice-president focusing on real estate and private equity secondaries at Goldman Sachs Asset Management.