Damien Brosnan, a veteran equity capital markets deal adviser, has moved over to the buy side, the latest to investment banker to make the switch.
Brosnan is now working as a portfolio manager covering ECM deals with an Asia Pacific mandate at Maven Investment Partners, part of the Maven Group.
London-headquartered Maven Investment Partners runs a number of proprietary trading strategies using both fundamental and quantitative approaches to investing. The investment teams implement research based investment processes combined with active trading styles.
Brosnan is the former co-head of ECM solutions in Asia-Pacific for UBS. He resigned from the Swiss bank in December but stayed until the end of the year.
Brosnan joined UBS in 2012 as head of Asia-Pacific equity syndicate and has been responsible for equity distribution as well as equity-linked origination and syndication.
Brosnan joined UBS from a job on the equity syndicate desk at Morgan Stanley in 2012.
Brosnan joined Morgan Stanley in New York out of college in 2001 and transferred to Asia in 2005, initially for a job in ECM origination. He moved to the syndicate desk in early 2007 where he has remained until now, apart from a stint originating equity-linked transactions from late 2008 until the end of summer 2009.
Other bankers have moved to the other side recently, including Goldman Sachs managing director and head of China M&A Andrew Huang. Huang started work at private equity firm FountainVest Partners earlier in June.