Sagent Advisors, a mid-market advisory boutique founded by ex-Donaldson Lufkin & Jenrette staff, has hired a banker from UBS to lead a new division targeting the construction sector.

Adam Reeder has been appointed as a managing director in New York. He will work with companies in the building sector that provide products and materials, distribution, homebuilding, furniture and furnishings, and construction and installation services.