People Moves

Top-Level Changes At UBS Wealth Management Americas

Eliane Chavagnon Editir - Family Wealth Report 16 May 2014

Top-Level Changes At UBS Wealth Management Americas

Paul Hatch has joined UBS WMA as group managing director and head of WMA advice and solutions Advice and Solutions, while the firm has announced a raft of other leadership changes.

Paul Hatch has joined UBS Wealth Management Americas as group managing director and head of WMA advice and solutions, reporting to chief executive Robert McCann.

In an internal memo seen by Family Wealth Report, McCann said UBS WMA is consolidating all of its investment solutions “into one place.”

Hatch has 30 years of industry experience and previously spent around ten years leading the client offerings for Smith Barney, Citigroup Global Wealth Management and, most recently, Morgan Stanley Wealth Management. He began his career at EF Hutton, where he was a financial advisor for around six years.

In related developments, John Brown, head of middle markets; David McWilliams, head of wealth management transformation; Mike Ryan, chief investment strategist for WMA and regional CIO; and Tom Troy, head of capital markets, will all report to Hatch.

Meanwhile, Bob Mulholland, who leads the wealth management Americas client advisory group, will be “realigning the field leadership structure to create greater accountability and enhanced client focus,” McCann said.

Jason Chandler will take on responsibility for WMAG East, which includes the New England, Metropolitan, Mid Atlantic and Southeast regions. Chandler will also expand his leadership to include WMA international and the wealth management business of UBS Canada, which is led by Ricardo Gonzalez.

Bill Carroll – who ran the solutions group - will lead WMAG West, which covers the South Central, Midwest, Southwest and Northwest regions. Additionally, Carroll will take on responsibility for national sales, with Paul Santucci reporting directly to him. John Mathews will continue leading the private wealth management business, reporting to Mulholland.

Rosemary Berkery, head of the WMA banking group, will expand her responsibilities to include the UBS Trust Company led by Craig Walling, and the US private bank, led by Steven Schroko.

Kathleen Lynch continues as WMA and Americas chief operating officer while Mike Perry, who is taking a brief leave of absence as he recovers from a foot injury, will join Lynch’s team when he returns in July.

Michael Crowl, as previously announced (see here), will join WMA in July as general counsel.

Dan Cochran, John Dalby, Brian Hull, John McDermott and Paula Polito will continue leading their current areas of responsibility.

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