UBS Loses Head of US Recruitment

Stephen Harris

13 September 2006

Thomas Brown, US head of national recruiting for UBS Wealth Management, has left to run the Purchase, NY branch of Smith Barney. Mr Brown had been with UBS for two years before returning last week to Smith Barney, where he had worked for almost 10 years prior to leading the recruitment efforts at the Swiss bank. Mr Brown replaces Dan Ackerman, who will rejoin the ranks of more than 40 financial advisors in Purchase. The branch is thought to hold around $4 billion in client assets and generates around $23 million in annual revenues.