UBS Wealth Management Americas
UBS's Americas Boss Sticks To Ambitious Profit Target
2 November 2010
The chief executive of UBS Wealth Management Americas is holding to his target of reaching SFr1. 0 billion ($1 billion) in profits within the next five years, in spite of depressed markets and a tough recruiting environment, Reuters reports . Robert McCann, who set the target just a few weeks after he arrived at UBS in October last year, told the Reuters Wealth Management Summit yesterday that the target is still achievable, even though the unit last week recorded its sixth straight quarterly loss.
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Never Mind The Turbulence, There's Plenty Of Lucrative Opportunities - UBS
29 October 2010
Significant investment opportunities in emerging markets, innovative industries and American small business are still available for the savvy investor, despite turbulent markets, an uncertain US regulatory and political environment and fears about employment, housing and healthcare, according to a roundtable held by UBS Wealth Management in the US. “Now, more than ever, our clients need intelligent, reasonable and concise advice that cuts through the noise and distraction,” Robert McCann, chief executive of UBS Wealth Management Americas who hosted the event, said . The evening began with a conversation about the economy and investment opportunities between Stephen Schwarzman, chief executive of Blackstone, and Margaret Brennan, anchor, Bloomberg News, who also moderated the panel discussion.
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UBS Wealth Management Americas Narrows Losses In Third Quarter
26 October 2010
UBS Wealth Management Americas logged a loss of SFr47 million ($48 million) in the third quarter, narrower than the loss of SFr67 million it logged in the second quarter. The third quarter result included a provision of SFr78 million due to an unexpected result in an arbitration matter, while the second quarter included restructuring charges of SFr146 million . The Americas unit recorded net new money of SFr300 million, contrasting with SFr2.
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Merrill Lynch Appoints New Advisory Exec, Expands Wealth Team
18 October 2010
Merrill Lynch has appointed Tom Fickinger as head of financial advisor strategy and has strengthened its wealth advisory team with two hires. Fickinger was most recently the managing director of the New Jersey region for Merrill Lynch, a role he will continue until a successor is found . Fickinger has also held roles as first vice president, head of business development in investor strategies in New York City and head of financial planning in Princeton.
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UBS Adds Morgan Stanley Advisors In New Jersey
5 October 2010
UBS Wealth Management Americas has added two advisors to its Manasquan, New Jersey office. Richard Hausler and Lawrence Jay have joined from Morgan Stanley . They have $225 million in assets under management and report to Matthew Wojcik, branch manager.
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UBS Americas Adds Two Advisors To Florida
16 September 2010
UBS Wealth Management Americas has appointed two new advisors to its Florida team. David Hatz and Thomas Zur step in to manage a combined $150 million in client assets . Hatz comes from Morgan Stanley Smith Barney, where he was responsible for for $100 million worth of assets, while Zur joins from Merrill Lynch, where he has served for the past 14 years.
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Morgan Stanley Regional Manager Jumps To UBS In LA
14 September 2010
UBS Wealth Management Americas has named Todd Locicero office manager of its private wealth management office in Los Angeles. Locicero comes on board from Morgan Stanley, where he spent eight years, most recently as regional manager for southern California, Arizona and Las Vegas . In his new role he reports to Jason Chandler, head of private wealth management, and replaces Barclay Perry who left the firm at the end of June.
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UBS Wealth Management To Expand In NYC
10 September 2010
UBS Wealth Management Americas is expanding in New York City and will debut a new Manhattan complex that will be open for business early in the fourth quarter. William Van Scoyoc, most recently complex manager for Morgan Stanley's 1211 Avenue of the Americas office, has joined as complex director of UBS’s new office located at 101 Park Avenue . He reports to Chris Amo, regional director for the metropolitan region.
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North America Executive Moves - August 2010
2 September 2010
August was a busy month despite the August lull in terms of job moves in wealth management, with a number of hires at firms such as Citi Private Bank, Wilmington Trust and BNY Mellon.
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UBS To Boost Alternatives Platform With Senior Hire
1 September 2010
UBS Wealth Management Americas plans to grow its alternatives investments platform and has appointed Jerry Pascucci, a former Morgan Stanley Smith Barney executive, to lead the charge as head of alternative investments. “In our current economic environment, the demand for investment strategies that reduce risk and diversify portfolios - particularly among high net worth clients - has never been greater . To help these clients meet their investment goals, it is critical that we develop a robust alternative investments platform that leverages our best investment and asset allocation advice,” according an internal memo seen by Family Wealth Report.
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News and Features
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Comment and Analysis
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FEATURE: A Look At The Mexican High Net Worth Client Market
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Expert Commentary
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- Investment Strategy
Regulation Puts Squeeze On Global Wealth Industry - RBC/Capgemini
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
Tom Burroughes
19 June 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
