UBS Group AG - UBS STOCK NEWS

UBS has launched the US version of the UBS Climate Aware Equity Index, aimed at providing investment exposure to a low carbon economy. This rules-based strategy caters to the growing demand for eco-conscious investment products, aligning with retirement goals and mitigating climate risks. Featured in a registered index-linked annuity by Global Atlantic, the Index includes large and medium-sized US companies with a focus on climate performance. It employs a systematic approach to evaluate companies’ carbon footprints and emissions profiles, utilizing ESG scoring from a recognized market provider.

UBS Private Wealth Management has announced that Thomas Mahoney, a Private Wealth Advisor in their Los Angeles office, has been named to the Forbes Best-In-State Wealth Advisor list for 2022. With over 34 years of experience, Mahoney is recognized for his exceptional client service and expertise, particularly in managing the wealth of ultra-high-net-worth families. The Forbes list includes over 6,500 advisors managing more than $10 trillion in client assets, selected through rigorous qualitative and quantitative assessments.

Naureen Hassan will succeed Tom Naratil as President of UBS Americas effective 3 October 2022. Naratil, after a successful 39-year career, will transition his responsibilities ensuring continuity in leadership. Iqbal Khan will become the sole President of Global Wealth Management on the same date. Hassan, formerly with the Federal Reserve Bank of New York, will focus on client relationships and strategic growth, while Khan is expected to maintain global growth initiatives. CEO Ralph Hamers expressed confidence in both leaders to drive success.

UBS Private Wealth Management has announced the addition of Private Wealth Advisors Mikail Qazi and Timothy Martin in Washington, D.C.. They will manage approximately $500 million in client assets, targeting high net worth and ultra-high net worth clients. Both advisors bring extensive experience from Merrill Lynch Wealth Management, enhancing UBS's local presence and service quality. Mikail has been recognized on the Forbes Best-in-State Wealth Advisors list, while Timothy holds dual certifications as a CFP and CIMA.

UBS Wealth Management USA has announced that Gino R. Stumpo, a Financial Advisor and Managing Director in Orange County, has been ranked #9 in the High Net Worth category on the Forbes/SHOOK Research Best-In-State Wealth Advisors list for 2022. This marks his fourth consecutive year on the list, which recognizes advisors managing over $10 trillion in client assets. Stumpo is celebrated for his personalized wealth management services, helping clients with retirement planning and complex financial needs.

UBS Private Wealth Management's advisors from Montage Financial Group have been recognized in the Forbes/SHOOK Best-in-State Wealth Advisors list for 2022. Advisors Jonathan Beukelman, Michael Chudd, Mark Geist, and Jeremy Keller were acknowledged for their dedication to ultra-high net worth clients. With a focus on personalized wealth management, the firm manages assets totaling $10 trillion. This recognition highlights their commitment to comprehensive financial solutions, including estate planning and philanthropic strategies.

UBS Wealth Management USA announced that 14 financial advisors from its San Diego and Hawaii market have been recognized in the Forbes/SHOOK Research Best-In-State Wealth Advisors list for 2022. This list includes advisors managing over $10 trillion in client assets nationwide. Among the 14, three are from Honolulu, six from San Diego, four from La Jolla, and one from Riverside. The recognition highlights the advisors' commitment to delivering personalized wealth management services. Chris Marsh, the San Diego Market Head, congratulated the advisors for their achievements.

UBS Private Wealth Management has announced that advisor Jonathan Beukelman from the Denver office has been named to Barron’s Top 1,200 Financial Advisors list for 2022. This marks the ninth consecutive year for Beukelman, who has over 24 years of experience and has been with UBS since 2008. His team specializes in wealth management services for high net worth clients. The ranking considers factors such as assets under management and regulatory record, showcasing the firm's dedication to high-quality financial advice.