People Moves
Top Local Smith Barney Brokers Defect To UBS In US
Twelve financial advisors from Citi-owned brokerage
Smith Barney, comprising two top local teams, have joined
the
Minneapolis and Wayzata offices of
UBS, according to local media.
Les Brunker and his team members Neil Knutson and Caleb Quenzer
joined the
Minneapolis office; a nine-person team led by Paul Koch
and Derek Cherne has moved to
the Wayzata office.
Citi agreed last month to spin off its Smith Barney business to Morgan Stanley, which will renamed it as Morgan Stanley Smith Barney, creating a brokerage global powerhouse with about 22,000 brokers.