UBS Group - UBS STOCK NEWS

UBS has secured its position as Institutional Investor's Top Global Equity Research Firm for the fourth consecutive year, reflecting the high regard clients have for its analysts. The recognition stems from votes by buy-side analysts and portfolio managers, resulting in UBS achieving 158 positions globally. Leaders at UBS acknowledged the importance of adaptability and client engagement during challenging times, emphasizing the role of UBS Evidence Lab in enhancing research capabilities.

UBS Wealth Management USA has welcomed Louis Green as a new Financial Advisor at its New York office. With 23 years of experience in wealth management, Green previously held senior positions at PNC Wealth Management and Deutsche Bank. He focuses on creating tailored financial portfolios, emphasizing retirement and estate planning. Green holds an MBA and has earned multiple professional designations, including CFA and CFP. His community involvement includes serving on the board of the Brooklyn Urban Garden School. UBS aims to leverage Green's expertise to enhance client service.

UBS has appointed Lynn Hunter as the new Market Administrative Officer for its San Diego branches. Hunter will lead business administration, financial management, and talent development across eight locations. Her experience with Morgan Stanley and Wells Fargo equips her for overseeing strategic planning and operational management. As part of the senior leadership team, she aims to enhance the client experience for High Net Worth families and business owners. Hunter's focus on coaching and collaboration is expected to strengthen the team's performance in delivering client services.

UBS Private Wealth Management has announced the addition of Private Wealth Advisors Scott Belveal and Adam Lambert, managing around USD 1.7 billion in client assets, to its Northeast Private Wealth market in Philadelphia. They will report to Branch Manager Brendan Graham. John Mathews, Head of UHNW and PWM Americas, expressed confidence in UBS’s platform for advisors, emphasizing its strengths in Ultra-High Net Worth capabilities. The team will consist of Max Hine, Kendal Glatthorn, and Ray Farnesi, all joining to enhance services for high-net-worth clients.

UBS Private Wealth Management has welcomed three new Managing Directors, Jeff Lewis, Steve May, and John McColskey, to its Atlanta office. Joining them are Jessie Searles and Mary Bennett as Relationship Managers, along with Portfolio Associate John Lindsey. These experienced financial advisors bring a wealth of industry knowledge from their previous roles at J.P. Morgan. UBS aims to leverage their expertise to enhance its client offerings in the ultra-high net worth segment, underlining its commitment to recruitment and retention in the financial advisory space.

UBS Wealth Management USA has appointed Sara Perez Barrett as the new Branch Manager for its Memphis, Tennessee office, succeeding Joseph Heinz, who retires after 13 years. Sara has extensive experience within UBS, joining the firm’s Graduate Training Program in 2013 and moving through various roles, including Municipal Credit Strategist. She aims to enhance UBS’s market presence and empower female investors. Jerry Johnson, South Central Market Head, expressed confidence in Sara’s leadership skills to grow the business in the region.

UBS Private Wealth Management has welcomed Christopher Pitzak as a Managing Director and Financial Advisor in its La Jolla, California office. Pitzak previously worked at Bernstein Private Wealth Management for 13 years, focusing on high-value clients such as business owners and professional athletes. His entrepreneurial background includes founding successful companies like Downplay, Inc. and Dyad Security Corp. Todd Locicero, UBS's West Coast Private Wealth Management Market Head, expressed excitement about Pitzak's unique perspectives and their plans to grow his business within the firm.

UBS AG has announced the Call Settlement Amounts for eight Exchange-Traded Notes (ETNs) including DJCI, FUD, UAG, UBG, UCI, USV, BDCY, and LMLB. The settlement amounts range from $9.7299 to $46.0629, with a settlement date of December 10, 2020. These ETNs are part of UBS’s Medium Term Notes; DJCI, FUD, UAG, UBG, UCI, and USV are Series A, while BDCY and LMLB are Series B. UBS will execute mandatory redemptions as previously announced on November 3, 2020. Investors are advised to consult the relevant prospectus for complete details.

UBS Investment Bank has announced coupon payments for five ETRACS Exchange Traded Notes (ETNs), traded on NYSE Arca. The payments include HDLB, SMHB, PFFL, CEFD, and MVRL, with respective coupon amounts of $0.1501, $0.0812, $0.1460, $0.2420, and $0.1385. The current annualized yields for these ETNs range from 9.56% to 13.20%. These ETNs pay variable monthly coupons linked to cash distributions from underlying index constituents. UBS cautions that investing in ETNs carries risks including potential loss of principal and the impact of UBS's creditworthiness.