The Swiss bank said Velez would take on the role in addition to his current responsibilities as head of global ultra-high net-worth Latin America, effective immediately.
UBS report reveals soaring investor optimism overall in early 2017
February 7, 2017 by
"Investors are more willing to move cash off the sidelines and increase investments, while business owners are set to increase capital spending and hiring," said Paula Polito, client strategy officer of UBS Wealth Management Americas.
Wells Fargo’s advice for 2017: look beyond day-to-day volatility in global markets
January 10, 2017 by
If investors were looking solely at recent disruptive global events, "they wouldn’t have seen what was quietly happening in the background – nearly all asset classes were moving higher,” said Darrell Cronk, president of Wells Fargo Investment Institute.
BofA Merrill: 2017 shaping up as year of the active investor
December 12, 2016 by
“If investors choose asset classes, sectors and stocks carefully, they can meaningfully outperform the market," says BofA Merrill's Candace Browning. "2017 could be the year of the active investor.”
Thiel to step aside at Merrill Lynch Wealth Management
October 13, 2016 by
Andy Sieg, current head of Merrill's Global Wealth and Retirement Solutions division, will succeed John Thiel as head of Merrill Lynch Wealth Management, effective January 1, 2017. Thiel will still serve as vice chairman of ML Global Wealth and Investment Management.
Wells Fargo/Gallup Survey: Investors cheer low rates at their own peril
October 7, 2016 by
While clients love the benefits of low interest rates when it comes to mortgages and loans, too many fail to grasp the impact of low yields on retirement savings, said George Rusnak, co-head of global fixed-income strategy for Wells Fargo Investment Institute.
UBS sees Latam outflows as tax amnesties stimulate redemptions
August 3, 2016 by
Net withdrawals from emerging-market clients amounted to USD 2.4 billion in the second quarter -- much of it from Latin America - said UBS's chief financial officer Kirt Gardner.
Morgan Stanley opens third Miami office dedicated to Latin American wealth management
June 23, 2016 by
James Jesse, head of International Wealth Management, said he considers the "meeting the offshore-wealth-management needs of Latin American clients" to be a significant growth opportunity. Most of the 22 advisors at the new office are former Credit Suisse employees.
Credit Suisse to shutter Panama private-banking office
May 26, 2016 by
The bank said the closure was unrelated to the recent Panama Papers leak, noting that is remains committed to the region via its presence in Mexico, Brazil and Chile.
UBS names celebrated Citigroup vet as Americas vice chairman
May 18, 2016 by
Ed Montero had spent more than 50 years at Citigroup, most recently holding the position of vice chairman of Citi Private Bank and Wealth Management Latin America.
