UBS Group (UBS) Stock News

UBS (NYSE:UBS) has announced the appointment of Jack Heiss as Market Director for its Tampa, Clearwater, St. Petersburg, Sarasota, and Winter Haven offices in Florida. Heiss brings 35 years of wealth management experience, most recently serving at Bank of America Private Bank in a hybrid leadership and financial advisor role.

The appointment is part of UBS's strategic growth initiative in Florida, with Heiss reporting to Market Executive Lane Strumlauf within the Southeast Region led by Julie Fox. Heiss's extensive background includes roles at Merrill Lynch, Bank of America Investments, and leadership positions in Global Wealth and Investment Management divisions.

UBS (NYSE:UBS) has announced the appointment of Belin Robertson as Financial Advisor in their Irvine office, part of the Pacific Desert Market. Robertson brings over 25 years of industry experience, specializing in complex trust matters and sophisticated planning around liquidity events.

Prior to joining UBS, Robertson worked at Wilmington Trust for three years and has previous experience at Merrill Lynch and Neuberger Berman. He holds an MBA from USC Marshall School of Business and a BA in History from Lehigh University, along with Series 7, 63, and 65 securities licenses and a California life insurance license.

UBS (NYSE:UBS) has appointed Joseph (Joe) Lombardo as Market Director for its Florham Park, New Jersey office, while maintaining his leadership of the Short Hills and Westfield offices. The appointment is effective immediately.

Lombardo brings over 30 years of wealth management experience, including more than two decades in leadership roles at UBS. He previously served as UBS Head of Leadership and Future Talent Development, where he focused on developing firm leaders nationwide. The appointment aims to strengthen UBS's presence in key New Jersey markets under the Greater New York Metro Market division, which encompasses 18 offices across Long Island, Westchester, Connecticut, and New Jersey.

UBS Wealth Management US has announced the appointment of William (Bill) Frisco as Private Wealth Advisor and Senior Portfolio Manager in Houston. Frisco, who joins from Morgan Stanley, brings with him approximately $700 million in assets under management and over 43 years of experience serving ultra-high net worth clients. He holds a BA in Economics from Duke University, an MBA from Tulane, and is a Certified Financial Planner. Joining alongside Frisco is Client Service Associate Mayra Mendez, who holds a BA in communications from the University of Houston. The team will be based in the Houston River Oaks office under Senior Market Director Kristen Sprenger. Frisco is known for his commitment to client education and actively supports various Houston-based organizations.

UBS Wealth Management US has announced the appointment of Mellany Bagtas as a Financial Advisor in their New York City office at 299 Park Avenue. Bagtas, who will report to Associate Market Executive Demie Kommatas, joins UBS from Morgan Stanley where she served as First Vice President and Portfolio Manager. Her previous experience includes roles at Merrill Lynch and JPMorgan Chase. Bagtas specializes in working with executives, founders, business owners, and high-net-worth individuals, focusing on wealth preservation and generational wealth transfer. A Magna Cum Laude graduate from Mount Saint Mary College, she brings extensive experience in financial planning and wealth management. She will be joined by Wealth Strategy Associate Kaitlin Weaver. The appointment reinforces UBS's commitment to providing comprehensive wealth management services to ultra-high-net-worth clients.

UBS has responded to new regulatory proposals from the Swiss Federal Council that would significantly impact its capital requirements. Based on Q1 2025 financials, UBS AG would need to hold approximately USD 24 billion in additional CET1 capital, primarily due to new requirements to fully deduct investments in foreign subsidiaries. Combined with previously announced capital requirements of USD 18 billion related to the Credit Suisse acquisition, the total additional capital requirement would reach USD 42 billion. The proposed changes would result in a CET1 capital ratio of around 17% at the Group level. Despite these challenges, UBS maintains its 2026 targets of ~15% return on CET1 capital and <70% cost/income ratio, as regulations aren't expected before 2027. The bank also reaffirms its 2025 capital return plans, including a 10% dividend increase and up to USD 3 billion in share buybacks.

UBS Wealth Management US announced that 15 financial advisors from Arizona have been named to the Forbes Best-In-State Wealth Advisors list for 2025. The recognized advisors include nine from Phoenix, five from Scottsdale, and one from Tucson. Notably, Steven Schultz from Schultz Group in Phoenix was also named to Forbes America's Top 250 Wealth Advisors list, ranking as the #1 advisor in Arizona. The collective group of advisors recognized in Forbes' 2025 America's Top 250 and Best-In-State Wealth Advisors oversee $16.7 trillion in assets.

UBS announces UBS House of Craft x Dior, a free public exhibition in New York City from June 6-8, 2025. The showcase celebrates eight decades of Dior's couture craftsmanship, featuring work from all seven creative directors: Christian Dior, Yves Saint Laurent, Marc Bohan, Gianfranco Ferré, John Galliano, Raf Simons, and Maria Grazia Chiuri, plus a tribute to Kim Jones. Curated by fashion legend Carine Roitfeld and photographed by Brigitte Niedermair, the exhibition includes innovative programming spanning six days with intimate conversations, panels, and workshops. The event is part of UBS's broader initiative celebrating craft across Couture, Horology, and Gastronomy, with global events planned throughout the year in the US and Asia.

UBS Wealth Management US announced that 45 financial advisors from Southern California and Hawaii have been named to the Forbes Best-In-State Wealth Advisors list for 2025. The recognized advisors include 24 from Orange County offices, 17 from San Diego County, one from Riverside, and three from Honolulu. Notably, Newport Beach-based advisor Mark Binder was also recognized among the top 250 advisors nationally on the Forbes America's Top Wealth Advisors list.

The honored advisors are part of a prestigious group that collectively oversees $16.7 trillion in assets. The rankings were compiled by SHOOK Research using both quantitative metrics and qualitative insights, including in-depth interviews with firm-nominated candidates.

[ "Recognition of 45 UBS advisors demonstrates strong wealth management capabilities in the Southern California and Hawaii regions", "Mark Binder's inclusion in the national top 250 advisors list highlights exceptional performance", "The recognized advisors are part of a group overseeing $16.7 trillion in assets" ]