Strategy
UBS Opens New US Trust Office for Great Lakes

UBS Financial Services, the US subsidiary of Swiss bank UBS, is to open a trust representative office in Cincinnati, Ohio, to provide wealth management services to high net worth clients in the Great Lakes region. Paul Recker, formerly a senior vice president responsible for personal trust business and client relationships at KeyBank, will join UBS as trust consultant for the Great Lakes region. The new office will specialise in wealth management, including trusts, estates and philanthropic services.