UBS to Slash 10,000 Jobs
The actions are seen as a way for UBS to go "back to its roots" in the advisory business.
UBS Could Shake Up Investment Bank
UBS is considering a revamp of its investment bank that could see it granting more responsibility to Andrea Orcel, co-head with Carsten Kengeter, and less to Kengeter, according to sources familiar with the matter.
Q2 ’12 Wealth Profits Top Year-Ago Results
Bank of America-Merrill Lynch reported profits of $2.5 billion for second-quarter 2012, or 19 cents a share, beating analysts’ estimates of 14 cents.
UBS Wealth Results Up in Americas; Down Worldwide After Facebook Flop
Wealth Management-Americas posts a 28% jump in profits as net inflows to advisors remain stable
UBS Loses More From Japan Equity Desk
The Swiss bank UBS has lost a total of five people from its Japan equity desk, a week after the research team had been ranked second in Japan.
UBS Streamlines McCann’s Leadership Team
UBS Americas trimmed a layer of management under CEO Robert McCann and increased the duties of some of wealth-management leaders, according to a memo released by McCann on Friday.
McCann Is Top UBS Americas Exec
UBS recently made Bob McCann head of UBS’ operations in the Americas and reassigned Philip Lofts to the post of chief risk officer for the Swiss-based firm. Maureen Miskovic, who had been chief risk officer for UBS since early 2010, left the firm.
UBS Grabs $1.9M Merrill Producer
Barry Mitchell joins UBS in New York from BofA-Merrill Lynch, where he managed about $290 million in assets.
UBS Pushes Out Risk Chief; McCann to Head Americas Unit
Bob McCann takes over as CEO for the Americas business from Lofts, who re-assumes his role as chief risk officer for the global bank
UBS to Trim Investment Bank, Emphasize Wealth Management
UBS revealed plans Thursday to strengthen its wealth-management units while scaling down its investment bank and introducing new performance targets companywide.