UBS Group nominated former Morgan Stanley President Colm Kelleher as its next chairman, tapping an executive with broad banking and wealth experience to help oversee the firm’s pivot towards digital. Kelleher, 64, will stand for election to succeed Axel Weber ...

UBS Group is in talks about ending the stand-alone status of a key unit that deals with some of its richest clients because of internal wrangling about how profits are shared between the wealth management and investment banking businesses. The ...

UBS Group is starting a digital wealth manager in the U.S. to grab a bigger share of the country’s market for retirement savings and stock options, in a move that will pit it against the top Wall Street banks on ...

David Winchell, who managed $265 million at UBS Financial Services in Las Vegas, has formed the Winchell Financial Group and affiliated with LPL Financial. In affiliating with LPL’s broker-dealer and using its corporate registered investment advisor platform, Winchell chose to ...

Matthew T. Leone, Kevin M. Heck and Emily Barbe, who managed $890 million at Merrill Lynch in New York City, have joined UBS. Also making the move in midtown Manhattan are the team’s three client associates. All three advisers had ...

UBS Financial Services Inc. is facing a new lawsuit that claims the firm’s problems with tax reporting on municipal bonds overstated clients’ taxable income, costing clients higher tax bills and creating potential damages. Beginning with the 2014 tax year, UBS ...

A four-member advisory team managing $391 million at Merrill Lynch in Santa Barbara, California, has joined UBS Wealth Management. Led by adviser Mark Brenner, who was with Merrill Lynch for 12 years, the Brenner Wealth Management Group includes adviser Kip ...

UBS advisers using the firm’s retirement plan manager advisory program now will be able to tap a Transamerica service that’s designed to reduce the administrative burdens for small businesses that offer retirement plans. Called Retirement Plan Exchange, the service uses ...

Cynthia Hansen, who managed $215 million at UBS in Denver, has joined RBC Wealth Management’s Denver Tech branch. Joining her in the move is her daughter, Elyse Martinez, a client associate, and Brenda Kochevar, a senior investment associate. Hansen began ...

Billionaire hedge fund manager Alan Howard paid $59 million for a Manhattan townhouse in March. Just two months later he obtained a $30 million mortgage from Citigroup Inc. Denis Sverdlov, worth $6.1 billion thanks to his shares in electric vehicle ...