The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Wirehouse Creates a Central Source For Model Portfolios Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 4, 2016

A Wirehouse Creates a Central Source For Model Portfolios

Reported by Neil Anderson, Managing Editor

The home office folks at UBS are combining three units and reorganizing how they handle model portfolios.

Glenn Regan
Head of Managed Solutions & Portfolio Guidance
Glenn Regan is taking over the newly-created managed solutions and portfolio guidance team within UBS Wealth Management Americas (the U.S. wirehouse arm of the Swiss multinational), UBS WMA spokesman Gregg Rosenberg confirms. Meanwhile, two top investing executives are leaving UBS WMA.

Natasha Yeoh, formerly managing director and head of investment management for UBS WMA, and Mark Sloss, formerly head of investment management models and portfolios, both left the wirehouse in June, MFWire has learned.

Regan reports to Jeff Miller, managing director and head of advice and platforms at UBS WMA, UBS' Rosenberg confirms. Citing company policy, Rosenberg declined to comment on Sloss and Yeoh's departures.

Regan, who most recently spent a year and a half as an independent consultant, joined UBS WMA in March as managing director and head of investment management and oversight. An internal company memo, a copy of which was obtained by MFWire, confirms that Regan now leads the new managed solutions and portfolio guidance team, which combines investment management, investment management research (IMR), and the portfolio advisory group (PAG):

This team will leverage WMA intellectual capital from WMR/CIO, Capital Markets, and third-party asset managers and serve as a central source for model portfolio construction, guidance, implementation and investment oversight within Advice & Solutions.

Within Regan's new team, Ray Joseph will continue to oversee IMR and will become head of portfolio and model management, the memo confirms. And Rick Hollmann will continue to lead PAG.

Meanwhile, all of Wealth Management Advice and Platforms (which includes Regan's new team and more) is rebranding as Wealth Management Advisory & Planning (which still abbreviates to WMAP and is still led by Miller). Though John Amore has been appointed as head of wealth management advice, as detailed in the memo, a number of other WMAP leaders will continue on in similar roles: Jim Langham will continue to serve as head of investment products, which covers mutual funds and more; Marilee Ferone will continue to lead advisory solutions; Rich Scarpelli will continue to lead financial planning product management within advisory solutions; and Alex Kokolis will continue to lead advisory and planning tools.

Regan, an alumnus of Syracuse University, spent 27 years at Morgan Stanley (and Smith Barney before the merger), most recently serving as director of discretionary investment solutions (leading the wirehouse's OCIO and wealth advisory multi-manager businesses).

Yeoh is an alumnus of the University of Melbourne and of NYU. She joined UBS in 2013 after working with the Macquarie Group, Merrill Lynch, J.P. Morgan, ABN AMRO, and NatWest Markets.

Sloss is an alumnus of Northwestern University. He joined UBS in 2005 and lead WMA's sustainable investment efforts before taking over as head of investment management models and portfolios in 2015. Prior to joining UBS, Sloss spent 11 years with NYLIM.

The changes come as UBS WMA overall suffered a one-percent year-over-year dip in Q2 operating income but gained $2.4 billion in net inflows. Also in Q2, UBS WMA president Tom Naratil unveiled a "new operating model" that, among several other big changes, involves "shifting home office resources to the field".

As of June 30, UBS WMA had 7,116 FAs working with an average of $151 million per FA and generating an average of $1.08 million of revenue per FA. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use