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UBS names new brokerage chief

Swiss bank is replacing Robert McCann, the head of its US brokerage, with its chief financial officer

Tuesday 3 November 2015 at 06:24

UBS will replace the head of its US brokerage with chief financial officer Thomas Naratil, who is expected to continue the unit’s push to focus on primarily serving clients who have millions of dollars to invest.

Naratil, 53 years old, will succeed Robert McCann, the unit's head for the last six years. While McCann is stepping aside, he is not leaving UBS.