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Morgan Stanley Regional Manager Jumps To UBS In LA
Wendy Connett
14 September 2010
UBS Wealth Management Americas has named Todd Locicero office manager of its private wealth management office in Los Angeles. Locicero comes on board from Morgan Stanley, where he spent eight years, most recently as regional manager for southern California, Arizona and Las Vegas. In his new role he reports to Jason Chandler, head of private wealth management, and replaces Barclay Perry who left the firm at the end of June. "Filling this role with someone of Todd’s caliber and experience is key to the successful execution of our ultra high net worth strategy. We plan to continue to expand our private wealth management presence, focusing on the greater Los Angeles area, San Diego, Scottsdale and Denver markets over the coming months," Chandler said in a statement. UBS Wealth Management has also signed on two advisors: Jack Schecter has joined the firm’s 1285 Avenue of Americas office in New York City from Morgan Stanley, while Tom Jenkins joins in Houston, Texas from Merrill Lynch. Schecter brings $430 million in assets under management to UBS, while Jenkins has $450 million in assets under management.