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Rating:The McCann-BofA-UBS Saga Nears Conclusion Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 08, 2009

The McCann-BofA-UBS Saga Nears Conclusion

News summary by MFWire's editors

It looks like Bob McCann is headed to lead UBS' wirehouse after all. CNBC's Charlie Gasparino reports that the Swiss bank "is likely to make the offer official by the end of the month." And InvestmentNews' Mark Bruno and Bruce Kelly report that McCann, the former Merrill Lynch wirehouse chief "will likely join the firm [UBS] during the last week of October."

A spokesman for UBS declined to comment to the MFWire for this story.

Fundsters may not be surprised by the distribution giant's move. In September the Wall Street Journal reported that Merrill's new parent, Bank of America, was trying to stop McCann from taking the top job at UBS' wirehouse. Last week the WSJ reported that BofA and McCann had resolved the suit. 

Edited by: Neil Anderson, Managing Editor


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