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HighTower pick-up sees UBS team split up
HighTower Advisors LLC has lured three advisers from UBS AG's Morse-Millman Group in New York City — splitting up team principals Andrew Morse and Ira Millman in the process.
UBS lands $6.3M Merrill Lynch team
UBS AG announced the hiring of a top-producing three-man team from Bank of America Merrill Lynch today.
UBS Wealth Management’s U.K. chief failed to act on risk failures: Regulator
The former chief executive officer of UBS AG's wealth-management unit in the U.K., didn't heed warning signs that risk controls in the division were ineffective before an unauthorized trading loss was discovered.
McCann rising at UBS, gets plum job
Named CEO of Swiss bank's Americas unit; wealth management side gaining clout
Ex-UBS wealth chief ‘confused’ over regulator’s attempt to fine him
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
At UBS, i-banking out, wealth management in
Swiss giant cutting investment banking services to focus on private banking and wealth management services
Latest scandal could actually boost UBS wealth management
The latest scandal at UBS may be causing headaches for the bank's advisers right now. But in the long run, a re-emphasis on serving rich clients -- rather than chasing investment banking business -- could be a good thing for the company and its wealth managers. | Wirehouse rankings: Average assets per rep | Extra The richest states
UBS lands $1.7B team from Morgan Stanley
Desai team jumps to private-wealth-management office in Chicago; first win after a couple of losses
Two more UBS execs resign over trading fallout
UBS AG, Switzerland's biggest bank, said Francois Gouws and Yassine Bouhara resigned as co-heads of global equities following the $2.3 billion unauthorized trading loss detected last month.
With little fanfare, Trust Company of America taps new CEO
Barry takes helm at custodian as Maiorano resigns; new boss once piloted helicopter company
Advisers should expect a bleak year: Bove
Richard Bove, a banking analyst with Rochedale Securities LLC, is expecting a bleak year for investment banks and brokerages, and suggests that financial advisers can expect less support from their parent firms and will see fewer opportunities to sign lucrative deals with competitors.
Trader scandal may hamstring UBS’ recruiting
Just when it seemed UBS was regaining its feet after the financial crisis, Kweku Adoboli has thrown the Swiss bank back into turmoil.
Why RJ’s Reilly would love for UBS to sell its wealth management unit
CEO says firm would pick up plenty of advisers
UBS snags team of $3M producers from Merrill Lynch
UBS Financial Services Inc. has hired on three long-time Merrill Lynch financial advisers managing $450 million in assets and producing $2.85 million in fees and commissions over the last 12 months, the firm announced today.
New UBS boss: U.S. brokerage not for sale
In an internal memo obtained by Reuters, the new boss of UBS says the bank's U.S. brokerage is not being shopped -- despite rumors to the contrary. | PR disaster could curtail UBS' generous recruitment packages | Extra What top RIA execs make
<b>Advisers on the Move:</b> UBS grabs $6M producers from Morgan Stanley
Frederick Schultz, Lloyd Seested, David Andreadis, Richard Haskin, Eric Teichberg, and Karen Ben-Shlaush are joining the firm's private wealth group in Washington D.C.
Financeware sues UBS and makers of MoneyGuidePro for patent infringement
Financeware Inc., the parent of Wealthcare Capital Management IP LLC, has filed suit against UBS Financial Services Inc.
Bank of America Merrill Lynch still on hiring roll
Bank of America Merrill Lynch has brought on six new financial advisers in Texas, Pennsylvania and California.
UBS Wealth Management to feel the pinch as job cuts loom
Call it a signal of distress. Oswald Gruebel, boss of UBS AG, plans on eliminating 5.3% of the bank's workforce. This comes on top of scrapping the Swiss giant's profit targets. Both the wealth management group and wealth management Americas will feel the pinch.
UBS to pay ex-76ers owner $2M over sale of ‘100% principal-protected’ notes
Notes didn't protect Croce's principal -- once issuer Lehman went belly up; at least 40 cases still pending
