Robert McCann News
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UBS AG, Switzerland’s biggest bank, reported first-quarter earnings that beat analyst estimates on higher revenues at the investment bank and in wealth management.
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UBS AG Americas Chief Executive Officer Robert McCann named three former Merrill Lynch & Co. colleagues to help reverse a three-year slide in the Swiss bank’s U.S. market share.
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UBS AG Chief Investment Officer Alexander Friedman is masterminding a push by Switzerland’s biggest bank to develop a performance track record that will attract rich clients as Swiss secrecy erodes.
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UBS AG, the Swiss bank that reported a $2.3 billion loss from unauthorized trading in September, appointed Philip Lofts as chief risk officer, replacing Maureen Miskovic, who is leaving the firm after less than a year.
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UBS AG’s wealth management Americas unit can still achieve the $1 billion annual profit target the company set in 2009, Chief Financial Officer Tom Naratil said.
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UBS AG, revamping its U.S. investment bank under Robert McCann, hired Bank of America Corp.’s James Forbes as vice chairman, adding to a roster of recruits who previously worked at Merrill Lynch & Co.
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UBS AG, the world’s third-biggest manager of money for the rich, promoted Alexander Friedman to serve as the global chief investment officer for both of its wealth management units.
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UBS AG, the Zurich-based investment bank, shifted leadership roles within its wealth-management Americas unit, according to a memo today from Americas Chief Executive Officer Robert McCann.
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UBS AG’s wealth management Americas division is “confident” it can achieve a $1 billion pretax profit target, according to Brian Hull, vice chairman of the unit.
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In the clash of the two largest U.S. brokerages, Bank of America Corp.’s Merrill Lynch is generating more profit with fewer people than the business Morgan Stanley formed by buying a controlling stake in a venture with Citigroup Inc.’s Smith Barney.
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