UBS Creates New Wealth Unit, Names New U.S. Chief

What You Need To Know

• The firm is creating a new unit, GWM Solutions, to bring various wealth offerings under one roof.
• Michael Camacho, formerly of JPMorgan, will lead wealth management in the U.S. for UBS starting in September.
• UBS also is rapidly progressing with its integration of Credit Suisse, which it took over last year.