UBS has appointed Michael Roberts managing director and head of UBS Trust Services, which comprises both personal and corporate trust busine...

UBS has appointed Michael Roberts managing director and head of UBS Trust Services, which comprises both personal and corporate trust businesses. Kevin Ruth, head of Wealth Planning at UBS Wealth Management US said: “To be a great wealth manager in the US, you have to be a world-class broker dealer, have a world-class banking platform, and a world-class trust capability. Michael has been hired to strengthen and grow UBS’s trust offering.” Mr Roberts joins UBS from Wachovia Bank where he was most recently regional head of Personal Trust, responsible for more than 20 trust offices with assets of $11 billion. UBS Trust Company has also established a Delaware trust office, which will offer clients the benefits of Delaware law coupled with the firm’s expertise. Delaware trusts will offer strategic benefits to UBS clients, including confidentiality, broad investment flexibility, and potential tax advantages and asset protection.