UBS announced Tuesday that it has hired Bob McCann as the CEO of its UBS Wealth Management Americas unit. Speculation about his appointment to the position had been mounting. As recently as two weeks ago, McCann declined to comment on specific job appointments in an exclusive interview with Registered Rep. despite the growing rumors.
McCann replaces former head of the division, Martin Hoekstra, who will be leaving the firm. UBS’ wealth management division in the U.S. and Canada has 8,000 financial advisors, 320 branches and over $20 trillion in high-net-worth assets.
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