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Exclusive: UBS loses top U.S. tech banker

March 25, 2013: 2:44 PM ET

zanoliMark Zanoli leaves UBS.

FORTUNE -- Mark Zanoli has stepped down as head of U.S. technology investment banking at UBS, Fortune has learned.

Zanoli originally joined UBS (UBS) in July 2010, following 17 years with J.P. Morgan (JPM) and Hamrecht & Quist.

He was based in San Francisco, and at one point led a team of around 40 professionals. That figure was slashed by more than half late last year in a large round of UBS layoffs, while more cuts occurred earlier this year.

Today, UBS has just a handful of full-time tech investment bankers based in San Francisco, including Janine Sheflo (media/Internet), Sam Powers (telecom), Ben Freeland (software) and John Katzenmeyer (financial tech). The firm also recently added Johnny Williams -- the former co-head of tech equity capital markets with BoA Merrill Lynch (BAC) -- as vice chairman.

No word yet on Zanoli's future plans. A UBS spokeswoman declined to comment.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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