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UBS Opens Latest Private Wealth Mangement Office For Ultra High Net Worth Clients
UBS announced today that it has opened its latest Private Wealth Management office in Los Angeles, California dedicated to serving the specialized needs of the firm's clients with assets greater than $10 million. The firm's first Private Wealth Management office, located at 299 Park Avenue in New York, was opened in July 2006. With this latest opening, UBS has five dedicated Private Wealth Management offices across the U.S.
The office is located at 2000 Avenue of the Stars and is part of a series of planned offices nationwide that offer a comprehensive suite of brokerage, trust and private banking services.
The Los Angeles office is comprised of a staff of Private Wealth Advisors, Specialists and related service personnel. Private Wealth Advisors have completed the firm's rigorous internal accreditation program covering a range of sophisticated wealth management strategies. Through their Private Wealth Advisors, clients also will be able to draw upon the expertise of Specialists in such diverse disciplines as trust and estate planning, lending services, charitable giving, investment management, alternative investments and structured products.
"We are very pleased to open our latest Private Wealth Management office in L.A., our first on the West Coast. With this new office, we will be able to expand our ability to offer our ultra high net worth clients located in L.A. a holistic approach to meet their unique financial planning needs," said John Straus, Head of Private Wealth Management and Chairman of the Private Bank.
The new office will be managed by Wesley Jennison, Managing Director.
UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.
UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 33% in Switzerland, 16% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 80,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
Kris Kagel : +1-212-882-5691
New York, October 31, 2007