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March 04, 2010 at 07:00 PM
UBS has named Frank Minerva as chief operating officer of its ultra-high-net worth business in the U.S.
In his previous post, Minerva, a 21-year UBS veteran, led the New York office of UBS’ Private Wealth Management.
He replaces Douglas Black and will report to Jason Chandler, who heads the private wealth business.
Chandler was named head of the unit a month ago as UBS reorganized the U.S. retail brokerage into two divisions from three regions, according to reports in “The Wall Street Journal” and “Reutuers,” which have been confirmed by a spokesperson.
