UBS Investment Bank today announced that it will expand its Global Energy banking practice with the addition of 18 seasoned bankers focused on energy lending. As part of this expansion, UBS has named Darrell Holley as Managing Director and Global Head of Energy Lending.

"The energy sector has been very resilient during the current economic downturn, and we expect it will be one of the most active sectors in mergers and acquisitions, and equity and debt financings as the economy recovers," said Stephen Trauber, Global Head of Energy banking at UBS, in a company release. "Despite a downturn in the global economy, UBS's Energy Banking business has remained extremely strong over the past two years and we are experiencing a constantly expanding business pipeline. The addition of a highly experienced team with deep knowledge of energy lending markets will bolster our ability to serve clients, grow our overall lending franchise and continue to increase our energy market share."

The 18-person team, which includes Holley and eight Executive Directors, will be based at a new UBS Investment Banking Department (IBD) office in Dallas, Texas, and will complement UBS's existing Energy Banking team in Houston and New York. The team joining UBS has significant experience in the energy lending arena and has transaction experience across a broad range of markets, products and borrowers.

Holley will report to Trauber. He was previously with Fortis Bank in Dallas, where he was Global Head of Oil and Gas banking. Prior to Fortis, he was a Vice President at Chemical Bank in the energy group. He holds a BS from Texas A&M University.

"We have added over a dozen Managing Directors to our IBD franchise over the last month and we will continue to expand our senior cover.

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