UBS has promoted two to replace outgoing regional directors.

UBS Wealth Management Americas has named new regional directors for the New York metropolitan area and southwest region in the shape of Todd Locicero and Ron Meraz respectively.

Ron Ferrelli, the former metro regional director, is retiring from the firm, while Randy Grossblatt, formerly southwest regional director, is returning to being a financial advisor.

Since 2010, Locicero has served as the private wealth management complex director for Los Angeles, CA, as well as co-chair of the Branch Manager Advisor Council for the past three years. Before joining UBS, he ran Morgan Stanley's PWM business in Los Angeles.

Meraz has served as complex director for Orange County since 2008. Prior to joining UBS, he was head of the office of diversity at Merrill Lynch Global Wealth Management, where he also served as a financial advisor and complex director.