UBS
UBS Warns of Headwinds After Clients Pull $13 Billion in Quarter
UBS Group AG warned that the worst may not be over after clients pulled $13 billion in assets during a market meltdown in the final months of 2018.
UBS Said in Talks With Meissner as Potential Ermotti Successor
UBS Group AG is in early talks with Bank of America Corp.’s ex-investment banking head Christian Meissner about joining as a potential successor to Sergio Ermotti, according to people with knowledge of the talks.
UBS Defeats Mulholland Claim for Millions as Merrill Imprint Fades
Executive who joined former Thundering Herd colleague Bob McCann to rebuild UBS Wealth after the financial crisis loses $13.6 million breach-of-contract arbitration claim.
RBC Grabs Three Teams Managing $1.3 Billion, FA Skates Back to UBS
Royal Bank of Canada nabbed two Minnesota teams from UBS with $854 million, and a third $429-million team from Wells, but one advisor was lured back.
UBS Corrals Mega-Rich Clients to Bet on Times Square Skyscraper
A major Times Square development has secured more than $780 million in new equity, including about $400 million from UBS Group AG’s ultra-high-net-worth and family office clients.
UBS Said to Prepare Cloud Move to Secret Microsoft Data Centers
UBS Group AG reached a deal worth hundreds of millions of Swiss francs to use Microsoft Corp. cloud services in a bid to reduce costs while complying with strict Swiss privacy laws, according to people familiar with the matter.
UBS’s Chandler Takes Reins of U.S. Wealth, Hull Named Vice Chair
UBS Group AG is promoting a long-time executive in the U.S. as it seeks to expand in the region and offer ultra-rich clients more bespoke investments.
Rockefeller Signs UBS Duo in Atlanta Producing $13 Million
Tom Epperson and Justin Ryan, who oversaw about $2 billion of customer assets combined, join Greg Fleming’s new venture.
UBS Reverses Course on Gagging Brokers Who Leave
Brokers who collect bonuses and leave can contact former clients without fear of being sued, UBS says, telling managers it wasn’t an effective plan.
UBS Poaches Citigroup Retail Sales/Trading Boss Connellan–Sources
After more than 30 years of building Citi’s individual investor sales and trading product services to other firms, executive is expected to oversee similar effort for rival.
UBS’s Wealth Quant With $30 Billion Is Cooling on Stocks
A $30 billion computer entrusted by some of the world’s richest looks poised to underweight stocks as real money and systematic investors pare risk amid flagging bull-market momentum.