People Moves
Hiring Spree Continues At UBS Wealth Management Americas
UBS Wealth Management Americas has added two teams and two individual advisors to its Birmingham, Dallas, New York and Raleigh offices - the firm’s third raft of hires so far this year.
The Eubanks Lappin group, led by Steve Eubanks and Michael Lappin, has joined UBS’s Raleigh, NC branch. Eubanks and Lappin bring to the firm a production of approximately $4 million and assets under management of $750 million. The team will report to executive director and complex director Karl Ruppert.
The Trudeau group joins the Birmingham, MI office, led by brothers Stephen Trudeau, senior vice president, and David Trudeau, associate vice president. The team joins from Bank of America Merrill Lynch and will report to branch manager Tod Winkler.
Meanwhile, David Shorr has joined UBS’s New York office, bringing to the firm a production of approximately $2.8 million and AuM of around $355 million. Shorr, who latterly worked at Morgan Stanley Smith Barney, starts as a senior vice president, reporting to Mara Glassel, managing director.
The remaining appointment is that of Steve Owen, who joins the Dallas, TX office as senior vice president. Owen previously worked at Bernstein and in his new role at UBS will report to director and branch manager Michael Wesbrooks.
Last month, UBS hired eight groups, as well as a string of individual financial advisors, bolstering nine of its offices nationwide, in its second round of hires in January. Combined, the groups brought an aggregate production of $3.8 million and AuM of more than $600 million.