$1.3B Team Joins UBS from Merrill Lynch

UBS Copyright Chris Hondros, Getty Images News>Industry $1.3B Team Joins UBS from Merrill Lynch A team of four serving athletes and entertainers has joined UBS in Albany, NY.

A Hudson Valley, New York team serving athletes and entertainers has left Merrill Lynch to join the wealth management division of UBS.

The Swiss bank said Friday that James Hart, Emily Hoag, Natalie Squillace and Nolan Hart, all advisors, along with Client Service Associate Lynda O Von Jaeger, oversee about $1.3 billion in client assets. They work from a UBS office in Albany, NY, led by Gabriel D’Amica, in the greater New England regional market, managed by William Cholawa.

Related: NFL Players Association Names UBS as 'Institutional Financial Advisor'

Noting the unique challenges faced by performers and sports figures, Wale Ogunleye, the head of UBS’ Athletes & Entertainers Client Segment, said in a statement the team will “expand our capabilities and help meet growing demand from this important client group.”

With Merrill Lynch Wealth Management since 2010, Hart previously held positions with Oppenheimer and Lehman in the late 1980s and early 1990s, before moving to Prudential, First Albany Corporation, Wachovia and Morgan Stanley between 1993 and 2010.

Related: UBS Seeks to Shed $5B in Rich Clients’ Assets

In addition to a focus on athletes and entertainers, the team has experience supporting clients through life events and major transitions.

After its acquisition of Credit Suisse last year, UBS became the largest wealth manager in the world. With close to $4 trillion in assets under its global wealth management division, the US business represents around $1.6 trillion. The company shared plans to grow global wealth to more than $5 trillion worldwide by 2028 during a quarterly earnings call on Tuesday.

 

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Originally posted on: https://www.wealthmanagement.com/industry/13b-team-joins-ubs-merrill-lynch