Monday's Headlines: UBS Builds Group for Renewable Energy, Clean Technology

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UBS is launching a group devoted to capital raising and deal advice for the renewable energy and clean technology sectors. An internal memo says the group will be led by Jim Schaefer as global head and David Dolezal as Americas head. [Deal Journal]

Wealth management recruitment is taking off despite many participants maintaining a freeze on hiring in investment banking and asset management. Many of the business's big names are scrambling for market share in a rare growth sector. While there's no return to pre-crisis pay packages, banks are prepared to offer the right candidates guaranteed bonuses. [Financial News]

Hundreds of former Lehman employees are working at the Wall Street headquarters of Nomura, as the Japanese brokerage aggressively expands on Wall Street. The firm, which is said to be hiring, today employs 1,900 people in New York and its eight other offices in the U.S. and Canada. That's up from 650 two years ago. [NY Times]

Bank of America Merrill Lynch continued to raid Royal Bank of Scotland and Citigroup for senior bankers in Europe, the Middle East and Africa, adding 10 to its corporate banking business. Three weeks ago, the bank hired four senior bankers in London and Paris. [Dealbook]

In the latest sign investors are moving toward gold, JPMorgan has reopened an underground gold vault in New York. JPMorgan also recently built a vault in Singapore, while Deutsche Bank and Barclays Capital are considering new vaults in London. [FT]

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