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Registered Rep.
October 8, 2009 |
UBS Hires Bob McCann UBS has hired former Merrill Lynch executive Bob McCann to run its wealth management division in the Americas.   |
Registered Rep.
January 29, 2010
Kristen French |
UBS Morale Lifts A number of top financial advisors at the firm say that they are so far very pleased with the leadership of UBS Wealth Management CEO Bob McCann and his team. |
Registered Rep.
December 1, 2011
John Aidan Byrne |
McCann Reassures UBS FAs as His Profile Grows with New Appointment Robert J. McCann's responsibilities at Swiss bank giant UBS dramatically expanded with a new appointment Thursday. |
Registered Rep.
April 19, 2010
John Aidan Byrne |
EXCLUSIVE: Is UBS Turning Around? Brokerage CEO Says Yes. UBS Wealth Management Americas, scrambling to stem the outflow of client assets, is seeing signs of hope. |
Registered Rep.
October 27, 2009
Kristen French |
UBS Hires McCann UBS announced that it has hired Bob McCann as the CEO of its UBS Wealth Management Americas unit, replacing former head of the division, Martin Hoekstra. |
Registered Rep.
May 4, 2010
John Aidan Byrne |
UBS Client Asset Outflows Slow in Q1 Improving market conditions softened the blow as total client assets hit $721.6 billion in the brokerage unit of the Swiss banking giant. |
Registered Rep.
November 17, 2009
John Aidan Byrne |
McCann Sets Ambitious Targets for UBS The chief executive of UBS' Wealth Management Americas also reiterated his profitability target of 15 to 20 percent for the division, and set a goal of CHF1 billion for annualized pre-tax profit. |
Financial Advisor
March 2012 |
UBS Reeling In Merrill Advisors The big four wirehouse firms are always trying to poach top talent from their rivals, but UBS Wealth Management seems to be doing a particularly job good job of late when it comes to snagging advisor teams from Bank of America/Merrill Lynch. |
Registered Rep.
October 1, 2009
John Aidan Byrne |
Former ML Chief Free to Take Job Robert J. McCann is free to take the reins at a major Merrill rival now that he settled a lawsuit today with Bank of America. |
Registered Rep.
April 14, 2010
John Aidan Byrne |
UBS Retail Brokerage Nearing a Turnaround? Client asset withdrawals have slowed at the embattled U.S. wealth management business of UBS where, in a positive sign to investors, it reported much stronger first quarter pre-tax profit than previously expected. |
Registered Rep.
July 28, 2010
John Aidan Byrne |
UBS Brokerage Unit Turning the Corner? The "turning point" in client fund outflows is about to appear for UBS Wealth Management Americas. |
Registered Rep.
April 26, 2011
John Aidan Byrne |
UBS Wealth Management Unit Improves Performance UBS Wealth Management Americas, rising from the ashes of its well-publicized disasters, had something to crow about this latest quarter (Q1 2011) |
Registered Rep.
March 30, 2010
John Aidan Byrne |
Waiting on McCann's Plan for UBS It won't be announced this week or next; instead UBS is eying an announcement in mid-April or later, people familiar with the matter told us. |
Registered Rep.
August 27, 2009
Halah Touryalai |
Uncertainty at UBS, Can UBS Afford McCann? The latest news out of UBS involves former Merrill executive, Bob McCann, who's dealing with a non-compete clause that's keeping him from supposedly joining the firm. |
Registered Rep.
October 26, 2010
John Aidan Byrne |
UBS Stops the Bleeding, Adds Retail Client Assets Clients assets at UBS Wealth Management Americas outpaced withdrawals in its latest third-quarter results, a singular achievement last reported by the brokerage unit in the first quarter of 2009. |
Registered Rep.
August 5, 2009
French & Churchill |
UBS Close to Deal With Bob McCann, Reorg Under Way The move comes as the bank works to contain damage to its reputation done by the tax evasion dispute with the U.S. government. |
Registered Rep.
February 7, 2012
John Aidan Byrne |
UBS' U.S. Brokerage Boosts Profits, Boasts Most Productive Advisors Despite global market conditions that lowered asset-based fees and transaction-based income, UBS Wealth Management Americas ended 2011 on firmer footing, earning $573 million for the year on revenues of $5.96 billion. |
On Wall Street
June 1, 2010
Lee Conrad |
Betting on McCann Can Bob McCann and his renewal team restore UBS Wealth Management Americas? |
Registered Rep.
March 15, 2010
John Aidan Byrne |
McCann Is the Man at UBS; Name Change to PaineWebber? The much-anticipated revival plan for UBS Wealth Management Americas will cap off a series of recent organizational changes garnering support from an important constituency: advisors at the beleaguered brokerage. |
Registered Rep.
July 26, 2011
John Aidan Byrne |
UBS Wealth Management on the Turnaround UBS Wealth Management Americas continues to improve, reporting pretax profit of $165 million for the second quarter. |
Registered Rep.
March 27, 2012
John Aidan Byrne |
Management Shakeup at UBS Wealth-Management Americas A management shakeup by CEO Bob McCann at the Americas brokerage unit of Swiss bank UBS AG will see two of his top executives assume more direct responsibility over its financial advisors, according to people familiar with the changes. |
Registered Rep.
August 26, 2009
David A. Geracioti |
Is McCann Close to a Deal with UBS? Bloomberg is reporting that Bob McCann, the former head of Merrill Lynch's brokerage unit, is nearing a deal with his old employer that will allow him to take a job running UBS's wealth management unit. |
Registered Rep.
September 22, 2011
John Aidan Byrne |
McCann Memo Aims to Reassure Jittery UBS Brokers In a strongly-worded memo this week to employees at UBS Wealth Management Americas, CEO Bob McCann assured them that matters are under control. |
Registered Rep.
February 9, 2010
Kristen French |
UBS Americas Bleeds More Client Assets in Q4, Advisor Attrition Way Down Clients continued to withdraw significant assets from the firm both in the U.S. and around the world. |
Registered Rep.
January 6, 2009 |
Sontag Takes McCann's Job At Merrill More shocking to Merrill Lynch advisors than the sudden departure of their leader is the disappearance of the "MER" logo from their computer screens. |
Registered Rep.
October 25, 2011
Kristen French |
UBS Wealth Management Unit Pulls Into First Place, McCann Tells Troops The "rogue" trading loss and departure of CEO Oswald Grubel doesn't seem to have driven clients away from UBS in the third quarter. |
Registered Rep.
December 10, 2009
John Aidan Byrne |
UBS Announces New Comp Plan; Comp Focused on FA Loyalty and Future Production UBS' plan is a departure from brokerages where compensation is typically based on trailing commissions rather than on growth. |
Registered Rep.
February 8, 2011
John Aidan Byrne |
Some Bright Spots Among the Red Ink for UBS UBS Wealth Management Americas added client assets and a handful of advisors in the fourth quarter, cushioning the blow from steep legal costs that resulted in a pre-tax loss of $34.6 million. |
Registered Rep.
August 6, 2010
John Aidan Byrne |
UBS Advisors Welcome Mortgage Rollout Financial advisors at UBS Wealth Management Americas closely watched this week as the U.S. brokerage rolled out plans to sell more of its own mortgage and lending products through its retail brokerage force. |
Registered Rep.
February 10, 2009 |
In First Media Interview, McCann Says Resignation Was At A "Logical Time" In his first interview since leaving Merrill Lynch, Robert J. McCann says he maintains good feelings for both Merrill Lynch and the timing of his departure. |
Registered Rep.
June 10, 2010
John Aidan Byrne |
UBS Ran Gauntlet, Beats Merrill, Says Bob Mulholland "We are really the only major relevant firm that actually went into the 2008 and 2009 abyss and came out the same firm," Mulholland told Registered Rep. |
Registered Rep.
October 10, 2008
John Churchill |
McCann: Merrill Managers Get No Retention, FA Package Due in Two Weeks Merrill's president revealed that managers will get no retention package and only the top third of financial advisors will be getting a deal. |
Registered Rep.
February 6, 2010
John Aidan Byrne |
UBS Reorganizes Wealth Management Division (update) The Wealth Management Americas division is aiming to bolster the Swiss bank's brokerage. |
Registered Rep.
May 31, 2013
Megan Leonhardt |
Sizing Up the Street In the latest earnings cycle, here's how the wirehouses stacked up. |
Registered Rep.
October 7, 2009
John Aidan Byrne |
Exclusive: McCann Back To Work In October Robert J. McCann, former president of Merrill Lynch, settles a bitter lawsuit with Merrill parent company Bank of America over a non-compete agreement. The settlement frees McCann to return to work this month. |
Registered Rep.
June 1, 2005 |
60 Seconds with Bob McCann The Vice Chairman of Merrill Lynch's Wealth Management Group talks about the brokerage giant's hiring plans and other current initiatives. |
Registered Rep.
October 31, 2007
John Churchill |
UBS Earnings Bomb Swiss banking giant UBS joined Merrill Lynch at the bottom of the credit related write-down pile with the release of its earnings. |
Registered Rep.
January 6, 2009 |
Merrill's McCann Clashed With Thain Bob McCann, a popular Merrill veteran who led the firm's 16,850-person "thundering herd" of brokers, has resigned. |
Registered Rep.
September 17, 2009
John Churchill |
Judge Controls Bob McCann's Fate The former Merrill Lynch brokerage head told a Manhattan federal judge yesterday that his new employer is losing patience, and he should be relieved of a non-compete clause in his BofA contract. |
Registered Rep.
March 16, 2012
John Aidan Byrne |
UBS Betting Big On Asia UBS Wealth Management will embark on a global expansion outside the U.S., announcing yesterday it will hire another 500 advisers in the fast-growing emerging markets and Asia Pacific regions. |
On Wall Street
October 1, 2009
Helen Kearney |
UBS Weighs Options as the Suddenly Smallest Wirehouse No one can deny it's been a tough year for UBS's wealth management business in the U.S. |
Registered Rep.
April 16, 2009
John Churchill |
UBS to Cut Lower Producing Advisors The 8,700 jobs UBS plans to cut by the end of 2010 will include 2,000 in the Wealth Management division, many of them financial advisors. |
Registered Rep.
November 6, 2008 |
Bank Of America To Sign Protocol, Herd Still Weighing Options Bank of America intends to sign the so-called "broker protocol," an agreement signed by most of the brokerage firms and RIAs stipulating what client information is acceptable for a departing financial advisor to take without getting sued by the former employer. But when? |
Registered Rep.
August 4, 2009
French & Churchill |
Dan Sontag Departs Merrill Lynch Much beloved by Merrill financial advisors, Dan Sontag is stepping down as head of Merrill Lynch Global Wealth Management. |
On Wall Street
January 1, 2012 |
Who's News UBS AG has named Robert J. McCann chief executive of UBS Group Americas... Raymond James shifted its leadership team ahead of the expected departure of Raymond James Financial Services Chairman and CEO Dick Averitt next year... more... |
Registered Rep.
September 26, 2011
Kristen French |
UBS Wealth Management Not For Sale; Analysts Say Don't Rule it Out Completely; Veteran FAs Calm Interim UBS CEO Sergio Ermotti and UBS Chairman Kasper Villiger sent a memo to advisors re-emphasizing that WMA is not for sale, a rumor that has been persistent despite continued denials by executives at the bank. |
Registered Rep.
May 26, 2010
Kristen French |
Sallie Krawcheck Gets Caught In Rumor Mill, Salary Plus Bonus? The future of Sallie Krawcheck, head of Merrill Lynch's thundering herd, is suddenly the subject of much speculation. |
Registered Rep.
February 3, 2009
John Churchill |
Wachovia-UBS Hookup Rumored but Unlikely Here's a possible new twist in the changing financial services landscape: A report in the New York Post raises the possibility of a "joint venture" between the wealth management divisions of Wachovia Securities and UBS. |
Registered Rep.
November 9, 2004
David A. Gaffen |
Mulholland Leaves as Co-Head of Merrill's U.S. Group Bob Mulholland, second-in-command in Merrill Lynch's brokerage unit, has surprisingly left the firm for retirement. |
Registered Rep.
May 5, 2009
John Churchill |
UBS Posts Loss But Gains Retail Client Assets UBS posts its first-quarter earnings and blames bad loans on its books for the poor result. |
