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UBS Restructures in Pursuit of Ultra-Wealthy  

UBS is overhauling its wealth management structure as the company follows ultra-wealthy clients to regions like Florida and Texas. So reports Advisor Hub.

UBSAs part of the move, first announced in an internal memo, 10 territories each will be overseen by John Mathews, current head of private wealth management, and Jennifer Povlitz, who leads the western division.

Jason Chandler, head of UBS Wealth Management USA, said in the memo that the restructuring would result in a “more responsive and more agile organization.”

Read the full article from Advisor Hub.

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