Swiss financial services group UBS is to lose the co-head of its private funds group with the resignation of managing director Nigel Dawn.
There is no successor in place according to Fortune, though Dawn will leave at the end of July.
Dawn currently heads the group’s secondaries business, which he established in 2004. He joined in 1997, originally focusing on fixed income transactions.
The news follows reports earlier this week that Credit Suisse was to lose both co-heads of its private fund group Anthony Bowe and John Robertshaw
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