UBS Group AG (UBS)

UBS Scoops Up Merrill Team With $890 Million

UBS recruited a Merrill Lynch team that previously oversaw $890 million in client assets, the firm said. Advisors Matthew T. Leone, Kevin M. Heck, and Emily Barbe joined UBS In New York. Moving with them are client service associates Anthony D’Anton, Rosalina Perez-Palombini and Annika Kelshiker.

• 
  Six-Person Advisor Team Joins UBS in New York City

  Business Wire
• 
  RBC Poaches Top-Ranked Advisor From Merrill Lynch

  Barrons.com

UBS warned Santander it would apply compensation rules to Orcel if he left

Axel Weber, the chairman of UBS, warned his Santander counterpart Ana Botin in September 2018 the Swiss bank would apply compensation rules to Andrea Orcel in case he quit, the Swiss banker told a Spanish court on Wednesday. The Swiss bank strips any employee leaving voluntarily to join another financial company of any deferral payments, Weber said.

Salesforce-backed Bay Area entrepreneur strikes big deal to ‘crush’ student loan debt

The deal with one of the nation's largest financial players will allow the startup to reach a huge new audience.