Former UBS Team Join Merrill Lynch's Private Banking, Investment Group In Chicago

Tom Burroughes

7 June 2017

Merrill Lynch’s private banking and investment group has brought in a team of wealth managers, F Michael Covey, Tom Kane, and Mark Wiktor to its Chicago office. All three of them are managing directors.

They form the CKW Team and join from UBS Private Wealth, where they were responsible for $3.3 billion in assets under management. The team will report to regional managing director Brett Thelander.

The trio worked for nearly 10 years at UBS Private Wealth, where they had moved their practice from Lehman Brothers in 2007, Merrill Lynch said in a statement.

Covey began his career as a CPA at Ernst & Young before moving to The Pritzker Family Office. He moved on to form a private wealth practice at Lehman Brothers, and then subsequently UBS Private Wealth and now Merrill Lynch Private Banking & Investment Group. He brings 17 years of industry experience to his role; at Merrill Lynch he runs the team's

"Virtual Family Office" practice, serving as the main point of contact for family office services provided to clients.

Kane has been in the financial services industry for 13 years. He spent time working for the McNally Family Office in Chicago before joining Lehman Brothers and then UBS Private Wealth as a managing director focusing on Alternative Investments and working with family offices. Wiktor has worked in the financial services industry for 23 years. After spending 15 years in the private investment management group at Lehman Brothers, he then joined UBS Private Wealth, where he worked for nearly 10 years.

The team is joined by Jack Mullen, private relationship manager Mike Grande, private wealth analysts John Pagliari, Nick Novak, Michael Majewski, and private wealth associate Emily Taylor, all from UBS Private Wealth.

Merrill Lynch Wealth Management has 14,484 financial advisors and $2.1 trillion in client balances as of March 31, 2017.