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Text size [+][-]  Saturday March 20 2010GLOBAL EDITION

Considered view
27 Oct 2009 19:47

Take away the Paine

Context News

UBS has appointed Bob McCann chief executive of Wealth Management Americas – essentially the Paine Webber franchise the Swiss bank bought in 2000. McCann will also join the group executive board of UBS.

 




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Former Thundering Herd wrangler Bob McCann arrives with impressive credentials but a big challenge. Even he isn’t expecting more than modest profitability. That might be sufficient to ensure independence, or a sale, of the broker – even if McCann says it’s not the goal.

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More stories by:  Antony Currie






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