UBS is restructuring its US wealth management division to attract a wider range of affluent clients and improve profit margins, which currently lag behind competitors like Merrill Lynch and Morgan Stanley. The revamp includes dividing the unit into six divisions, enhancing banking services, and appointing new field leaders to foster growth and responsiveness to client needs. The firm aims to integrate its Global Family & Institutional Wealth framework with new capabilities, positioning itself for more effective competition in the market.
UBS is revamping its US wealth management division to attract a wider range of affluent clients, moving beyond its traditional ultra-high net worth focus. The restructuring includes dividing the unit into six divisions, enhancing banking services, and appointing new leadership to improve responsiveness and decision-making. The firm aims to boost profit margins and compete more effectively against rivals like Merrill Lynch and Morgan Stanley.
UBS is revamping its US wealth management division to attract a wider range of affluent clients, moving beyond its traditional ultra-high net worth focus. The restructuring includes dividing the unit into six divisions, enhancing banking services, and appointing new leadership to improve responsiveness and decision-making. The firm aims to boost profit margins and compete more effectively against rivals like Merrill Lynch and Morgan Stanley.
UBS is restructuring its US wealth management business, effective January 1, 2025, by dividing it into four regions alongside UBS International and the Wealth Advice Center. Key appointments include regional directors and a new advisory segment for ultra-high-net-worth clients, now including those with over $50 million in net worth. The organization aims to enhance decision-making and customer responsiveness while streamlining sales and support teams.
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.
UBS is restructuring its US wealth management business, effective January 1, 2025, creating four regional divisions to enhance decision-making and client responsiveness. Key appointments include Chris DiMuria as Northeast Regional Director and John Mathews leading a new Private Wealth Management segment. The organization will also introduce a "UHNW Plus" client segment for those with over $50 million in assets, managed by Charles Otton.
UBS is restructuring its US wealth management business effective January 1, 2025, creating four regional divisions to enhance decision-making and client responsiveness. Key appointments include Chris DiMuria as Northeast Regional Director and John Mathews leading a new Private Wealth Management segment. The firm will also expand its Global Family & Institutional Wealth framework and streamline sales and support teams for improved efficiency.
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