UBS Wealth Management Americas is making leadership changes at its US brokerage unit with appointments across wealth management solutions, wealth management partnerships, and marketing, says the Wall Street Journal, citing four separate internal memos sent by UBS executives.

The memos were reportedly from John Brown, Brian Hull and Paula Polito, and outline staff changes as part of a wider plan by UBS Wealth Management Americas head Robert McCann to restore the US advisory business, following losses of client assets and a drawn out tax evasion wrangle with the US authorities.

Mike Perry is named as head of wealth management advice and platforms, incorporating the bank's former investment solutions and wealth planning business units. He will also be Mr Brown's chief operating officer, the publication reports.

It is reported that Jim Hausmann, previously head of products and services, will lead the division's market investments and institutional platforms, while John Hannasch, who was the chief operating officer of products and services, will leave UBS.

Sue Emanuel, currently the head of segmentation, has been appointed to the newly created role of head of client development, one memo reportedly says.

Alan Bowser will become head of investment services, and continues to be responsible for internal sales specialists and consultant teams in the field, says the publication.

Ms Polito also reportedly named Jasper Lewitton as head of marketplace insight and intelligence, a new position. Marsha Askins, meanwhile, will assume the role of interim head of advisory and solutions marketing, and Patrick Corry will become head of brand marketing, another newly created role.

The reshuffle comes hot on the heels of several other hires at the bank, including the appointment of John Nestor as head of UK for its Global Asset Management business, and a number of global and regional level management appointments for the firm’s new Investment Products and Services unit, which is expected to be operational by the second quarter of the year. 

As the bank hires rapidly, it has also lost staff of late. A team of Michigan-based financial advisors, which manages $275 million in client assets and generated some $1.7 million of annual revenue, has left the firm to form their own independent investment advisory this week, Reuters reports, citing a recruiter.

Charles Huebner, Paul Huebner and John Jagger are reportedly now operating as Pointe Capital Management.

UBS recently said that pre-tax profits at its wealth management operations around the world increased in the fourth quarter of last year, while the parent group also reported a large quarterly rise in its profit.