UBS has appointed a new Midlands boss and recruited in the South as it ramps up its regional push.
Dave Price succeeds Phillip Wood as head of UBS’ Midlands office, having been his deputy for four years, with Andy Jackson becoming the new deputy head.
Price has been at UBS for six years having joined from Credit Suisse in 2012, while Wood has decided to step down after 10 years running the Midlands office.
Jackson joined the firm last year from Coutts, having also spent several years running a private investment office.
Meanwhile, the firm has also hired Matt Noyce as a client advisor in its South, South West and Wales team. Noyce will lead business development in Dorset and surrounding area.
Commenting on the changes, Nick Tucker, head of UK domestic at UBS Global Wealth Management, said: ‘We would like to thank Phillip for his tireless work over the past decade in raising our business to its current standing in the Midlands region.
‘During this time, he has not only overseen a tenfold growth in the office’s invested assets, but also led a team which has regularly topped our client satisfaction surveys. We are confident that with Dave at the helm, the region will continue to flourish.’
UBS said it is looking to expand its wealth management division outside of London and has so far hired six new staff in the regions in 2018.
In London the division is also growing with the firm establishing a new high net worth team in London.
In January the Swiss private bank merged its US and global wealth units as part of a two year plan to restructure its global business.
The merged unit, dubbed the global wealth management (GWM) division has formed a £1.7 trillion wealth management giant and is led by Tom Naratil and Martin Blessing, who jointly chair its executive committee.