Bob McCann, chief executive of UBS’ Wealth Management Americas, set out some ambitious targets today for the brokerage’s unit—including turning around client asset flows and boosting capital. He also...
Freed from his non-compete with Bank of America, McCann is allowed to head back to work. In this interview, Registered Rep. talks with him about his next appointment, and his time at Merrill Lynch.
In an interview with Registered Rep., McCann said the wealth management division would not be put on the block, despite rumors that UBS is dressing it up for sale to boost its capital position. He also vowed to cut...
Over a leisurely breakfast in an upscale hotel in Short Hills, New Jersey, Robert J. McCann, former president of Merrill Lynch’s mighty thundering herd, sat down with Registered Rep. contributor John Aidan Byrne...
Robert J. McCann, the former Merrill Lynch & Co. brokerage chief is free to take the reins at a major Merrill rival—even if it be the U.S. wealth management unit of UBS that has been rumored for months—...
When his career as a financial advisor ended in May, Norman Pappous took up a new line of work evaluating the investment performance of his former peers. Pappous transformed himself from a retail financial advisor...
It has been a sobering year for Wall Street, in many more ways than one. But for a tiny minority, the financial losses wrought by the careening market were nothing short of unbearable. Here, for example, is what...
In 2008, New York City Mayor Michael Bloomberg actually got wealthier, as did George Soros and hedge fund manager John Paulson (the guy who bet against subprime before the melt down). Bloomberg is now the richest man...
FINRA recently awarded $100,000 to baseball broadcaster Tim McCarver related to his losses on Morgan Keegan mutual funds. McCarver invested $400,000 in four closed-end mutual funds and one open-end fund. The funds...
Sandy Weill and Hank Greenberg are no longer billionaires, and the great Warren Buffett took a hit too. But the Forbes annual billionaire's list reaveals that Mayor Mike Bloomberg got richer.
