Private equity veteran Gerald Cooper has stepped down as global co-head of secondary market advisory for UBS (UBS), Fortune has learned. Cooper had been a New York-based executive with the Swiss bank since 2004, and had helped lead its private equity secondaries banking group since 2013.
Cooper’s last day at UBS was this past Monday, although he remains listed on the firm’s website. There is no word on if Cooper will be replaced, or if fellow co-head Philip Tsai will assume full management of the group, which helps institutional investors find buyers for private equity assets.
Multiple sources say that Cooper’s next stop will be private markets advisory firm Campbell Lutyens, after a couple months of “garden leave.” He will remain based in New York, where London-based Campbell Lutyens is in the process of significantly expanding its team via both new hires and relocations.
Neither Cooper nor Tsai returned email requests for interviews, while Campbell Lutyens declined comment.