UBS Wealth Management Americas has hired Paul Allen as head of corporate business development for its equity plan advisory services group.

UBS Wealth Management Americas has hired Paul Allen as head of corporate business development within its equity plan advisory services group.

Allen will lead a sales team that will work with UBS financial advisors who specialize in the equity compensation space.

A 30-year veteran of the equity compensation industry, Allen has served as a consultant to UBS for the past year and has held leadership positions at a number of financial services firms including Fidelity Investments, Merrill Lynch and Smith Barney.

UBS’s equity plan advisory services group serves over 155 firms representing over a million participants in some 150 countries. UBS said the group offers cost-effective plan administration and transaction solutions, helping employees understand the value of their rewards.