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Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.
UBS to pay $387M in fines linked to Credit Suisse’s dealings with Archegos
The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.
AI can expose ‘very real’ ESG risks, says UBS exec
For example, artificial intelligence could help with the threat of deforestation by tracking 'land use change and geospatial mapping.'
Credit Suisse bleeds bankers, UBS saves on payouts
Rivals have poached dozens of senior Credit Suisse investment bankers in recent months, reducing the need for big redundancy packages for UBS.
UBS plans to cut over half of Credit Suisse employees
Banks, traders and support staff in Credit Suisse's investment bank in London, New York and some parts of Asia are expected to bear the brunt of the cuts.
Women breadwinners less engaged with household finances
Even when they're bringing home the bacon, women tend not to be as involved in household finances as their male partners.
With Credit Suisse deal done, UBS sets team to lead wealth management
Veteran UBS wealth management executive Tom Naratil is not part of the new team, however.
UBS completes Credit Suisse takeover, creating wealth management titan
The closing of the deal allows UBS to move forward with the integration of its former rival, a process that's likely to involve thousands of job cuts.
UBS CEO Ermotti predicts ‘bumpy’ months as Credit Suisse deal closes
UBS will see its workforce, costs and balance sheet swell next week when the Credit Suisse deal likely closes, prompting it to weigh deep cuts to staffing levels and wind down riskier assets.
NewEdge recruits UBS vet overseeing $500 million in assets
Richard Ina will open an office for the firm in the Nashville, Tennessee, area.
Professional advancement a steeplechase for Asian Americans in financial services
For Asian Americans, family culture can both hinder and help advancement.
UBS advisor managing $220 million switches to LPL
Jonathan Kesselman is opening an independent practice, Kesselman Wealth Management, in Westlake, Ohio.
UBS adds two teams from Merrill in California and New York
San Jose-based O’Connor & Associates has $875 million in client assets; Garden City-based Cuneo Denihan & Associates has almost $1 billion in assets.
UBS estimates $35 billion gain on Credit Suisse deal
But the bank warns that it faces billions in potential costs, including about $13 billion in markdowns on Credit Suisse assets and up to $4 billion in legal costs.
Ermotti taps UBS veteran Naratil to lead integration of Credit Suisse
Naratil will become the firm's chief financial officer and lead the division that will oversee the Credit Suisse merger, a Swiss newspaper reports.
UBS cites cautious wealth clients as it reports disappointing earnings
While the firm added $28 billion in new funds from clients during the quarter, revenue at the wealth business fell short of estimates.
Steward Partners adds team from UBS overseeing $200 million
James Forsyth and Steven Miller, who operate as the Valencia Group, will be Steward Partners' first team in the Los Angeles metropolitan area.
UBS in talks with former executive Naratil about possible return
Naratil left the bank just six months ago after holding a number of senior positions in almost four decades at UBS, including president of UBS Americas, co-head of wealth management and CFO.
Top 10 financial advice firms ranked by investor satisfaction in 2023
Investors’ happiness with their advisors took a hit last year as the stock market dived, according to J.D. Power’s annual survey.
Women gaining traction on investing results, intentions
Women achieve better results than men when they make direct investments.
