B. Riley Wealth Management Serves as Sub-Adviser to UBP

Rhea-AI Summary

B. Riley Wealth Management, a subsidiary of B. Riley Financial (NASDAQ: RILY), has announced the hiring of Eve Glatt and Maurice Onyuka as Senior Portfolio Managers. Previously Co-Heads of U.S. Equities at UBP Asset Management, they will continue to manage the UBAM - US Equity Growth sub-fund with assets over $215 million. CEO Chuck Hastings emphasized the strategic partnership with UBP, marking a continued expansion for B. Riley. Glatt and Onyuka bring over 45 years of combined investment management experience to their new roles.

Positive

• Hiring of experienced managers Eve Glatt and Maurice Onyuka enhances investment expertise.
• Management of UBAM - US Equity Growth, with a net asset value exceeding $215 million, indicates strong investment capacity.
• Strategic partnership with UBP expands B. Riley's market presence and investment offerings.

Negative

• None.

LOS ANGELES, April 29, 2021 /PRNewswire/ -- B. Riley Wealth Management, Inc., a full-service private wealth and investment services firm and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), today announced that Eve Glatt and Maurice Onyuka have joined the firm as Senior Portfolio Managers.

Glatt and Onyuka previously served as Co-Heads of U.S. Equities at UBP Asset Management LLC, a subsidiary of Union Bancaire Privée ("UBP"), a Swiss private bank. Through a strategic arrangement between the two firms, the team will continue to co-manage the investment strategy of UBAM - US Equity Growth, a private sub-fund of UBP with a net asset value of over $215 million. Glatt and Onyuka have worked together for the last 10 years.

"Our strategic relationship with UBP demonstrates the continued growth and diversification of our robust platform as well as the stellar reputation of B. Riley," said Chuck Hastings, Chief Executive Officer of B. Riley Wealth Management. "We are extremely pleased to welcome Eve and Maurice and look forward to exploring opportunities to further leverage the strong investment acumen of this world-class team."

Eve A. Glatt has more than 20 years of experience in investment management spanning all geographies and market caps including impact investing. Prior to UBP, Glatt managed international and global investment funds for Cornerstone Capital Management (a subsidiary of New York Life) and Morgan Stanley Investment Management. She was previously an assistant portfolio manager at GE Asset Management and has held roles in equity research at Merrill Lynch and Goldman Sachs. Earlier in her career, Glatt was a senior accountant at Ernst & Young (EY). She holds an MBA in Finance and Strategy from the University of Chicago Booth School of Business and earned her undergraduate degree from UCLA.

Maurice O. Onyuka has more than 25 years of experience in asset management and equity research covering both developed and emerging markets and impact investment. Prior to UBP, he was a portfolio manager and analyst for both global equities and international equity growth funds at Cornerstone Capital Management and was a director at MacKay Shields LLC (a subsidiary of New York Life). He previously managed various global funds and closed-end country funds as a portfolio manager at Clemente Capital LLC. He began his career at Fiduciary Trust International (Templeton) as a research analyst covering US equities. Onyuka holds an MBA in Finance from Fairleigh Dickinson University and a BA in Economics and Finance from Kean University.

About B. Riley Wealth Management
B. Riley Wealth Management provides a full suite of investment management services and solutions to individuals and families, and small and large businesses, including non-profits, qualified retirement plans, endowments, and foundations. Our experienced financial advisors leverage the diverse resources and expertise of our affiliated network of companies to help clients create a sound financial strategy. The firm is a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), a publicly traded, diversified financial services company. To learn more about our services and to get in touch with a financial advisor near you, visit www.brileywealth.com.

B. Riley refers to B. Riley Financial and/or one or more of its subsidiaries or affiliates. For more information about B. Riley's affiliated companies, visit www.brileyfin.com/platform.

Contact
Jo Anne McCusker
B. Riley Financial
press@brileyfin.com
(646) 885-5425

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SOURCE B. Riley Financial

FAQ

Who are the new Senior Portfolio Managers at B. Riley Wealth Management?

Eve Glatt and Maurice Onyuka have joined B. Riley Wealth Management as Senior Portfolio Managers.

What fund will Glatt and Onyuka manage at B. Riley?

They will co-manage the UBAM - US Equity Growth fund, which has a net asset value of over $215 million.

What is the significance of the partnership between B. Riley and UBP?

The partnership signifies growth and diversification for B. Riley's investment platform.

What experience do Eve Glatt and Maurice Onyuka bring to B. Riley?

They collectively have over 45 years of investment management experience, previously serving at UBP Asset Management.

What is B. Riley Financial's stock symbol?

B. Riley Financial is traded under the stock symbol NASDAQ: RILY.