FORTUNE — Nigel Dawn has stepped down as a managing director with UBS, where he is co-head of the investment bank’s private funds group and head of its private equity secondaries business.
Fortune has learned that Dawn informed his 20-person team of the move within the past week, and that no formal decision has been made on his successor. He will remain with UBS (UBS) through the end of July, and has not yet finalized his future plans (save for a family vacation).
Dawn originally joined UBS in 1997, after having worked at Citibank. His recent secondary assignments for UBS included a $750 million portfolio of assets for the New York City pension funds and an $800 million portfolio for CalPERS.
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