Sergio Ermotti

• McCann Is Top UBS Americas Exec

  By Janet Levaux, AdvisorOne  |  December 26, 2011

  UBS recently made Bob McCann head of UBS’ operations in the Americas and reassigned Philip Lofts to the post of chief risk officer for the Swiss-based firm. Maureen Miskovic, who had been chief risk officer for UBS since early 2010, left the firm.

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  UBS Grabs $1.9M Merrill Producer

  By Janet Levaux, AdvisorOne  |  December 6, 2011

  Barry Mitchell joins UBS in New York from BofA-Merrill Lynch, where he managed about $290 million in assets.

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  UBS Pushes Out Risk Chief; McCann to Head Americas Unit

  By Janet Levaux & Marlene Satter  |  December 1, 2011

  Bob McCann takes over as CEO for the Americas business from Lofts, who re-assumes his role as chief risk officer for the global bank

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  UBS to Trim Investment Bank, Emphasize Wealth Management

  By Janet Levaux, AdvisorOne  |  November 17, 2011

  UBS revealed plans Thursday to strengthen its wealth-management units while scaling down its investment bank and introducing new performance targets companywide.

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  5 Best & Worst Broker-Dealers: Q3 Earnings

  By Janet Levaux, AdvisorOne  |  November 16, 2011

  Brokerage firms in the third quarter boosted earnings growth as high as nearly 2,200% and reported declines as low as 120% — AdvisorOne selected a lucky 10 to spotlight.

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  UBS Names Ermotti CEO

  By Marlene Y. Satter, AdvisorOne  |  November 15, 2011

  UBS made its temporary appointment of Sergio Ermotti as CEO permanent on Tuesday as it sought to reassure investors in the wake of a $2 billion trading scandal.

• UBS Sees Leaders Exit, Expects Profit

  By Janet Levaux, AdvisorOne  |  October 26, 2011

  UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...

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  UBS to Trim, Not Sell, Investment Bank, Report Says

  By Janet Levaux, AdvisorOne  |  October 20, 2011

  As further details emerge regarding its recent $2.3 billion trading loss, UBS interim CEO Sergio Ermotti has decided against spinning off or selling the investment bank and, instead, plans to reduce its size, especially in its fixed-income work.

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  Co-Heads of UBS Equities Unit Resign; Former Merrill Exec Takes Over

  By Janet Levaux, AdvisorOne  |  October 5, 2011

  The arrest of UBS trader Kweku Adoboli last month has led to the resignations of Francois Gouws and Yassine Bouhara; Mike Stewart assumes leadership role for UBS equities.

• UBS Expects Modest Profit for Q3, New Client Inflows

  By Janet Levaux, AdvisorOne  |  October 4, 2011

  UBS said Tuesday that, despite a loss of $2.3 billion related to unauthorized trading and $433 million restructuring charge tied to cost cutting, it should report a modest net profit for the third quarter of 2011.