Donald Gorsch, who left UBS in June after 25 years, will be in charge of Los Angeles-based firm’s network of employee-channel branches.
Three advisors overseeing some $600 million of customer assets joined the Florida-based firm after sojourning for more than 20 years at wirehouses.
Brokers managing $440 million in client assets joined UBS last week, two days after it hired an East Coast Merrill veteran managing $391 million.
Consultant claims retaliation after his daughter, a UBS employee, filed a pregnancy discrimination charge against the wirehouse.
Michael Siden, Clifford Fink and three associates who produce about $4 million annually are the second advisor team Greg Fleming’s firm has hired at Rockefeller’s New York headquarters.
Move by 23-year industry veteran in Nevada on Thursday follows the departure of a 21-year UBS lifer to RBC Wealth earlier this month.
UBS Group AG Chief Executive Officer Sergio Ermotti moved to quell concerns surrounding the bank’s long-term succession plan with a radical overhaul of the top ranks, hiring a star banker from a rival and ousting some of its most senior executives.
After 20 years with Merrill, Michelle McCallion is trying to move her ultra-high-net worth practice in Greenwich, Conn. and midtown Manhattan to another bank-owned wirehouse.
Most popular stories from August 11 to August 17
Paramus team opened West Coast bank’s first wealth branch in the Garden State on Friday, the same day UBS hired a $1-million, 29-year industry veteran in Ohio from Morgan Stanley.