UBS AG's headquarters in Zurich, Switzerland. (Photo: Gianluca Colla/Bloomberg)
UBS Private Wealth Management recruited two advisors with about $6 billion in total assets and some $20 million in yearly fees and commissions from Goldman Sachs.
Based in the Boston and Los Angeles areas, Denis J. Cleary and Gregory M. Devine — who each spent over a decade at Goldman — are making the move, along with analysts Abigail Harris, Seamus O'Neill, Mindi Chen and Christopher Carbone.
"Known for being one of the largest teams in the country under the age of 50, we're proud to have them on board here at UBS to bring a differentiated view for our clients," said John Mathews, head of Ultra-High Net Worth Americas and Private Wealth Management at UBS, in a statement.
Earlier in his career, Denis was a corporate attorney at an international law firm. He was named a managing director at Goldman in 2017. Gregory previously worked in Silicon Valley and became part of Goldman's Advisory Council in 2017.
