UBS
UBS Wealth Management Job Cull Starts With Cuts in Asia, Europe
UBS has cut as much as 20% of the workforce in some European regions and is reducing management layers in Asia to bring clients closer to top decision-makers, people with knowledge of the matter said, asking not to be identified as the matter is private.
UBS Plans Miami Office to Work With Latin American Wealth Firms
UBS Group AG plans to open a new office in Miami to work with Latin American wealth managers, part of a broader effort by the Swiss bank to expand its business in the U.S.
UBS Hires Schwab “Private Client” Broker in Indiana
New advisor who worked with the upper stratum of Schwab clients is teaming with another broker in UBS’s Indianapolis branch.
UBS Global Wealth May Shed 500 Jobs
UBS Group AG plans to cut as many as 500 private banking jobs as the lender moves forward with a wealth management overhaul aimed at strengthening regional units and speeding up decision making.
UBS Broker in Maryland Goes Indie, Longtime Ameriprise Team in Ohio Start RIA
UBS broker with $700,000 in production said he craved more attention to serve his 150 household accounts.
2020 Comp: UBS Delays Start of New Grid Hurdles for Teams
Wirehouse is giving brokers receiving team-production payouts an extra six months to meet higher qualification levels.
UBS Sales Reorg Creates Branch and Complex Ripples
The halving of sales divisions at the wirehouse is also affecting managers across the U.S., according to sources.
UBS’s Iqbal Khan to Restructure Unit Catering to Super Rich
UBS Group AG plans to restructure the unit that serves the bank’s top billionaire clients in the first sweeping changes under its new co-head of wealth management, Iqbal Khan.
UBS Hit with Biggest Finra Employee Arbitration Penalty of Year
Panel orders UBS to pay $11 million in compensatory and punitive damages to a compliance officer fired for allegedly failing to supervise uncovered options in broker accounts.
UBS Hires from Merrill, Morgan Stanley, Loses Ohio Vet to RayJay
Million-dollar solo practitioners bolster UBS’s U.S. ranks in Atlanta and Newport Beach, but Swiss bank loses a top Ohio producer to Raymond James.
UBS to Shutter Three Sales Regions, Revive Wealth Planning Position
Bill Carroll, Brad Smithy and Jennifer Povlitz emerge as divisional survivors as UBS seeks to align its private wealth organization into its “core field organization.”
