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March 07, 2019 at 01:41 AM
UBS AG’s headquarters in Zurich, Switzerland. (Photo: Gianluca Colla/Bloomberg)
UBS Group AG promoted 96 employees to the level of managing director in the Americas as it pours resources into gaining more rich clients in the region.
The Swiss bank elevated 60 financial advisors and 36 Americas staff, according to Tom Naratil, co-president of UBS Global Wealth Management and president of UBS in the Americas, who posted lists of the promoted employees on LinkedIn.
UBS is rewarding staff as it plans to target billionaires and look after the complex fortunes of large families.
The bank is the world’s biggest wealth manager, with $2.26 trillion of assets under management, but its American wealth operations are smaller than rivals Bank of America Corp. and Morgan Stanley.
