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A Hudson Valley, New York workforce serving athletes and entertainers has left Merrill Lynch to affix the wealth administration division of UBS.
The Swiss financial institution mentioned Friday that James Hart, Emily Hoag, Natalie Squillace and Nolan Hart, all advisors, together with Shopper Service Affiliate Lynda O Von Jaeger, oversee about $1.3 billion in shopper property. They work from a UBS workplace in Albany, NY, led by Gabriel D’Amica, within the higher New England regional market, managed by William Cholawa.
Noting the distinctive challenges confronted by performers and sports activities figures, Wale Ogunleye, the top of UBS’ Athletes & Entertainers Shopper Phase, mentioned in a press release the workforce will “increase our capabilities and assist meet rising demand from this necessary shopper group.”
With Merrill Lynch Wealth Administration since 2010, Hart beforehand held positions with Oppenheimer and Lehman within the late Eighties and early Nineties, earlier than shifting to Prudential, First Albany Company, Wachovia and Morgan Stanley between 1993 and 2010.
Along with a deal with athletes and entertainers, the workforce has expertise supporting purchasers by way of life occasions and main transitions.
After its acquisition of Credit score Suisse final yr, UBS grew to become the biggest wealth supervisor on the planet. With near $4 trillion in property underneath its world wealth administration division, the US enterprise represents round $1.6 trillion. The corporate shared plans to develop world wealth to greater than $5 trillion worldwide by 2028 throughout a quarterly earnings name on Tuesday.
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