UBS is restructuring its US wealth management business, expanding from two national divisions to four regional sales teams, effective January 1, 2025. Rob Karofsky will lead the division, with key appointments including Chris DiMuria for the Northeast and Julie Fox for the Southeast. Private Wealth Management will become a distinct segment under John Mathews.
Belvoir Capital and Alasia are merging to enhance their wealth management services, with the transaction expected to boost growth and attract talent in the sector. The merged entity will operate under the Belvoir Capital name, led by CEO Steffen Bauke, and will leverage the expertise of the Trabaldo Togna family. The merger has received regulatory approval and is set to take effect by year-end, alongside a strategic minority stake in Belvoir Wealth Management, a Zurich-based investment boutique specializing in solutions for U.S. clients.
Belvoir Capital and Alasia are merging to enhance their market position and attract talent in independent asset management. The merger, approved by regulatory authorities, will take effect at the end of the year, with Steffen Bauke as CEO of the newly formed entity, which will operate under the Belvoir Capital name. This partnership also includes a strategic minority stake in Belvoir Wealth Management, a Zurich-based investment boutique specializing in solutions for US individuals.
Claude Maurer has departed from UBS after nearly two decades at Credit Suisse, where he served as Chief Economist for Switzerland. In a LinkedIn post, he reflected on his experiences and expressed gratitude to colleagues, noting that his journey continues next month. Maurer, a former Olympic sailor, emphasized the importance of adaptability in facing new challenges.
PKB Private Bank has restructured its Asset Management & Advisory department, now called Investment Solutions, integrating it into the Group Wealth Solutions division led by Alfonso Rivolta. Sascha Kever has been appointed CIO, overseeing client portfolio investment strategies, while Raimondo Morandi becomes Head of Portfolio Management. This reorganization aims to enhance client service with innovative wealth management solutions, reflecting the bank's commitment to high-quality investment offerings.
PKB Private Bank is restructuring its Asset Management division to enhance client services with innovative investment solutions. The department has been renamed Investment Solutions and integrated into Group Wealth Solutions, led by Alfonso Rivolta. Sascha Kever is appointed CIO, while Raimondo Morandi becomes Head of Portfolio Management, both reporting to Rivolta.
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