In December last year, the Swiss firm made changes to its operating model, including the consolidation of its global family and institutional wealth team with its UHNW advisory activities.

Judy Spalthoff, a senior figure in the wealth management business of UBS in the US, has become head of family office and UHNW client services for Americas at the Swiss bank.

In this role, Spalthoff will continue to report to Jennifer Gabrielli, who is MD, head of global family and institutional wealth and UHNW advisory for the Americas, and head of unified global banking for the Americas, UBS confirmed to this news service.

Spalthoff announced her move on her Linkedin page; the bank later confirmed the details to Family Wealth Report when asked about the matter.

“In this expanded role, I will continue to build on our unique strengths in serving founders, families, and family offices by leading our exceptional team of subject matter experts across family office governance and design, art advisory, and consolidated reporting, while broadening UHNW client engagement through private briefings, requests for proposals, flagship events, and marketing initiatives,” she said. 

In December last year, UBS unveiled a change to its operating model, which involved consolidating its global family and institutional wealth team with its UHNW advisory activities under Gabrielli. These teams work with UBS financial advisors assisting its largest and most complex clients to deliver services from the investment bank.