NEW YORK (Reuters) - UBS AG <UBSN.VX> said on Wednesday it has hired defense industry banker Michael Ruppert from Lazard Ltd <LAZ.N>, as part of its continuing effort to beef up the industrial banking group.
Ruppert, who will be based in New York, will join UBS in September and report to Karl Knapp.
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Prior to Lazard, Ruppert spent eight years in mergers & acquisitions at Lehman Brothers focused on the aerospace and defense industry. He began his career in 1995 with Lockheed Martin Corp <LMT.N> before moving to Lehman in 2000.
(Reporting by Nadia Damouni and Soyoung Kim; editing by Tim Dobbyn)