has a key position to fill at UBS Global Asset Management
This week Virtus revealed
the hiring of UBS GAM veteran Tom Franco
as managing director and divisional sales manager in the West. Franco most recently served as managing director and national sales manager for wholesale distribution in the Americas at UBS GAM.
"We are currently undergoing a search to replace him," UBS spokesman Gregg Rosenberg confirms to MFWire
Rosenberg clarifies that Franco had reported to Casparius
, who serves as managing director and head of distribution in the Americas.
In March, news broke
that Blake Moore
was taking over as chief of the Americas for UBS GAM, filling the shoes soon to be emptied by Shawn Lytle.
As of December 31, 2014, UBS GAM worked with $668 billion in assets under management worldwide.
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