Greenhill Hires UBS Insurance Banker

Greenhill & Co. an M&A advisory firm, announced it has hired an investment banker to lead its efforts to drum up business from large insurance companies.
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Greenhill & Co.

(GHL) - Get Report

an M&A advisory firm, announced it has hired an investment banker to lead its efforts to drum up business from large insurance companies.

Alejandro Przygoda had a similar position at

UBS

(UBS) - Get Report

where he spent six years. He previously served stints at

Credit Suisse

(CS) - Get Report

and

General Re

.

Greenhill is one of several smaller investment banks that have been hiring bankers, taking advantage of cutbacks and controversy at larger banks like

Goldman Sachs

(GS) - Get Report

and

Bank of America

(BAC) - Get Report

.

The firm, founded by longtime

Morgan Stanley

(MS) - Get Report

honcho Robert Greenhill, is rumored to be one of the more aggressive recruiters at the moment, in terms of paying up for top talent. Calls to Richard Lieb, Greenhill's CFO, and a UBS spokesman were not immediately returned.

Also on Monday,

UBS

replaced the CEO of its investment banking unit.