UBS Group AG named Brian Hull as chief of its client-advisory group in the Americas as Robert Mulholland departs.
Hull, 55, heads a unit that oversees about 7,000 financial advisers in the U.S., Canada and Puerto Rico, effective immediately, according to a memo from Robert McCann, president of the Americas unit. Mulholland decided to step down after 36 years in the industry, according to the memo, which was confirmed by Gregg Rosenberg, a company spokesman.
McCann hired former Merrill Lynch & Co. colleagues Mulholland and Hull in 2009 to help bolster UBS’s Americas retail brokerage and named them to a six-member executive committee in 2012 as he sought to reverse a three-year slide in the bank’s U.S. market share. UBS’s wealth-management unit in the Americas had $1.05 trillion in invested assets as of March 31, the Zurich-based bank said Tuesday.
Hull, described by McCann as one of the architects of the unit’s renewal in the memo, was head of strategic clients and partnerships for the past five-and-a-half years, according to the memo.
The Wall Street Journal reported the moves earlier Tuesday.