UBS Wealth Management Americas, a division of UBS AG, announced today
that it has hired Paul Allen as Head of Corporate Business Development
for its Equity Plan Advisory Services group.
Allen will lead an experienced sales team that will work with UBS
Financial Advisors who specialize in the equity compensation space to
deliver a consultative, solutions-based approach in acquiring new
corporate clients.
"We are pleased that Paul has officially joined UBS. Paul is a
recognized leader with unparalleled experience in the equity
compensation plan business and will play a key role in the continued
evolution of our business. This further emphasizes our commitment to
attracting top talent," said Michael Barry, Head of UBS Equity Plan
Advisory Services.
A 30 year veteran of the equity compensation industry, Allen has served
as a consultant to UBS for the past year, and has held key leadership
positions at a number of financial services firms, including Fidelity
Investments, Merrill Lynch, and Smith Barney.
"In my prior role as a consultant to UBS, I had the opportunity to
observe the unwavering commitment to the equity compensation business,
appreciate the long term strategic vision and firmly understand UBS's
advice driven value proposition. Those cornerstones heavily influenced
my decision to become a part of the team and contribute to our continued
success, Allen said.
In the past four years, UBS has invested nearly $200 million to bring
clients cutting-edge technology and industry expertise. Serving more
than 155 companies representing 1 million-plus participants in over 150
countries, UBS Equity Plan Advisory Services offers cost effective plan
administration and transaction solutions, helping employees understand
the true value of their rewards, and providing access to advice,
regardless of their level of sophistication.
Notes for Editors
About UBS Wealth Management Americas
UBS Wealth Management Americas provides advice-based relationships
through financial advisors who deliver a fully integrated set of
products and services specifically designed to address the needs of
ultra-high net worth, high net worth and core affluent individuals and
families. It includes the Wealth Management U.S. business, the domestic
Canadian business and the international business booked in the United
States.
About UBS
UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail
clients in Switzerland. Its business strategy is centered on its
pre-eminent global wealth management businesses and its leading
universal bank in Switzerland. Together with a client-focused Investment
Bank and a strong, well-diversified Global
Asset Management business, UBS will expand its premier wealth
management franchise and drive further growth across the Group.
UBS is present in all major financial centers worldwide. It has offices
in more than 50 countries, with about 35% of its employees working in
the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle
East and Africa and 12% in Asia Pacific. UBS employs about 61,000 people
around the world. Its shares are listed on the SIX Swiss Exchange and
the New York Stock Exchange (NYSE).
Copyright Business Wire 2014