UBS has hired Greg Hazelton as a v.p. in its global power and investment banking unit in New York. The energy banker joins from Lehman Brothers where he worked in a similar capacity. He joins his boss JimSchaefer, managing director at UBS, who left Lehman a few weeks ago to help ramp up the power operation. Schaefer was not available for comment and Hazelton declined to comment. A spokesman at UBS also declined to comment.
At Lehman, Hazelton participated in generation asset sales including that of a 840 MW Milford, Conn., plant known as Lake Road, which US Power Generating Co. attempted to buy it from its creditors (PFR, 12/25/04).