UBS's Wealth Management Americas division, aiming to bolster the Swiss bank's brokerage, today internally announced significant management changes on top of a substantial reorganization: It consolidated three brokerage regions into two, named a new head of private wealth management, and it also introduced the newly-created head of strategic client relationships, Registered Rep. has learned exclusively. At the same time, the UBS division--anxious to put a troubled financial past behind it as CEO Bob McCann promotes a turnaround strategy expected to be rolled out by early March--also named a new head of National Sales, as well as a new chief who will oversee the "emerging affluent section."
Monday, February 8, 2010
Swiss bank's US wealth mgmt unit reorganizes
UBS's Wealth Management Americas division, aiming to bolster the Swiss bank's brokerage, today internally announced significant management changes on top of a substantial reorganization: It consolidated three brokerage regions into two, named a new head of private wealth management, and it also introduced the newly-created head of strategic client relationships, Registered Rep. has learned exclusively. At the same time, the UBS division--anxious to put a troubled financial past behind it as CEO Bob McCann promotes a turnaround strategy expected to be rolled out by early March--also named a new head of National Sales, as well as a new chief who will oversee the "emerging affluent section."
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