UBS Wealth Management USA today announced that a three-person team, The Bucher Group, has joined the firm in Birmingham, Michigan. The father-son team is led by Financial Advisor Matthew J. Bucher and includes Financial Advisor Matthew M. Bucher, as well as Client Service Associate Christina Lynn Propst. Together, they focus on providing tailored investment strategies and comprehensive wealth management advice for high-net-worth individuals and families."On behalf of UBS, were excited to welcome The Bucher Group to the firm," said Geoffrey Centner, Market Director at UBS Wealth Management USA. "The teams industry experience and dedication to their clients will be a great addition to our business, and we look forward to

UBS Wealth Management USA today announced that a three-person team, The Bucher Group, has joined the firm in Birmingham, Michigan. The father-son team is led by Financial Advisor Matthew J. Bucher and includes Financial Advisor Matthew M. Bucher, as well as Client Service Associate Christina Lynn Propst. Together, they focus on providing tailored investment strategies and comprehensive wealth management advice for high-net-worth individuals and families. "On behalf of UBS, were excited to welcome The Bucher Group to the firm," said Geoffrey Centner, Market Director at UBS Wealth Management USA. "The teams industry experience and dedication to their clients will be a great addition to our business, and we look forward to having them help us continue to expand our client offering in this key market." "Were proud to welcome The Bucher Group to UBS," said Jon Ramey, Ohio Indy Michigan Market Executive at UBS Wealth Management USA. "With our global resources and comprehensive suite of capabilities, Im confident that they are well-positioned to deliver the highest level of personalized service and advice to their clients." Matthew J. Bucher has more than 40 years of investment management experience centered on meeting the investment objectives and wealth management needs of ultra-affluent clients. He has particular knowledge in the markets, including equities, fixed income, and alternative investments. Matthew began his career with Merrill in 1983, and most recently was responsible for directing his teams investment management offerings and developing customized investment strategies for clients, based upon their risk tolerance, asset mix, cash flow needs, and time horizons. Matthew holds the Chartered Retirement Planning Counselor (CRPC) designation and a B.A. in Business from Michigan State University. Matthew M. Bucher has more than eight years of investment management experience and focuses on delivering a comprehensive approach to managing wealth that begins with listening to a clients needs and helping to ensure every strategy is grounded in understanding what each client wants to achieve. He also joins UBS from Merrill. Matthew holds the CERTIFIED FINANCIAL PLANNER (CFP) designation and a bachelors degree in economics from Michigan State University. Christina Lynn Propst joins UBS as a Client Service Associate. She has extensive experience in cultivating and maintaining client relationships, centered around delivering superb client service. Prior to UBS, Christy spent the past 17 years with Merrill. She earned her bachelors degree in human resources and development from Oakland University. Notes to Editors About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.5 trillion dollars of invested assets as per second quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). https://www.ubs.com

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UBS Hires Three-Person Financial Advisor Team in Birmingham, MI

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UBS Welcomes The Bucher Group: Birminghams New Wealth Management Team

UBS Group AG hired Barclays Plc managing director Sean Lynch to bolster its investment banking team advising technology companies, according to people with knowledge of the matter. Lynch -- who covers companies including Uber Technologies Inc. and Tesla Inc. -- has worked at Barclays since 2013, Finra records show. Menlo Park, California-based Lynch, who worked in leveraged finance earlier in his career, advised on the issuance of about $1.7 billion in convertible notes for Uber last year. Representatives for UBS and Barclays didnt immediately respond to requests for comment. Lynch didnt respond to a request for comment. A slew of Barclays bankers have joined UBS since the lender named Marco Valla co-head of global banking last year. The hires include Laurence Braham, who is the firms global co-head of technology investment banking, Richard Casavechia, who is UBSs head of global banking in the Americas and Richard Hardegree, a vice chairman within technology investment banking.

Tech Investment Boost: UBS Taps Barclays Director Sean Lynch

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Managing Director, Technology Investment Banking

Sean is currently the Managing Director at Barclays Investment Bank, a position he has held since October 2021. Prior to this, he joined Barclays in 2013 as a Managing Director. Sean is also a Co-Founder and Board Member at BonaResponds since 2005. Before joining Barclays, he worked as an Associate at Deutsche Bank Securities from 2011 to 2013 and held positions as an Associate Analyst and Senior Associate at Moodys Investors Service from 2006 to 2010. Sean pursued a Bachelor of Business Administration in Finance from St. Bonaventure University and also studied at The American University of Rome.

UBS is making another round of job cuts, but some people there seem more at risk than others. 
Bloomberg reported today that UBS is preparing a new round of cuts across the investment bank, the markets business and the wealth management business. 100 jobs are expected to go in the investment bank, and the cuts will reportedly "go beyond the routine pruning of underperformers."
UBS declined to comment. However, there are indications that in wealth management at least, changes are already underway and that one sort of person at the Swiss bank is coming off worse than the rest.
Inside ParadePlatz reports that many of the wealth management cuts appear to involve senior people from Credit Suisse and that "45 supposed untouchables" were cut this week. Citing a UBS memo, it says they include Raffael Gasser, the former head of private banking international at Credit Suisse who joined UBS in September 2023 as head of North Europe private wealth clients and Andrea Grob, who joined from Credit Suisse in July last year as sector head for wealth management in Turkey, Greece and Africa.  Matteo Franceschini, a historic UBS banker managing Southern Europe, is also going. A raft of UBS veterans will now run the wealth management business in Europe (Niels Zilkins, Tobias Vogel, Victoria Hagmann, Alejandro Velez, Carl Von Wrede and Gianluca Gera) under Christine Novakovic.
UBS is due to report its first quarter results in early May. Speaking to investors after announcing the banks fourth quarter results, CFO Todd Tuckner said the bank expected to finish onboarding 400 Credit Suisse markets professionals in the first quarter of 2024 and that as Credit Suisse bankers are onboarded he expected banking "to generate almost twice its baseline revenues by 2026, assuming supportive markets." However, Tuckner also noted that the bank is aiming to make $13bn in cost savings and would pace any reinvestment of that amount, "depending on how that revenue trajectory develops."
UBSs investment bank made a $169m loss in the fourth quarter. One London MD there told us the expectation is that the "final Credit Suisse people" slated for removal are due to go soon.
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UBSs cuts seem to involve senior people from Credit Suisse

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Head of Private Wealth Clients, North Europe

Raffael is currently the Sector Head Northern Europe High Net Worth and Private Clients at UBS, having joined the company in September 2023. Prior to UBS, he held various roles at Credit Suisse from April 2012 to September 2023, including Head Private Banking International, CEO Luxembourg, Managing Director, COO IWM Europe, and various director positions in Germany and Austria. Before his time at Credit Suisse, he was a Senior Vice President at Clariden Leu from September 2009 to April 2012. Raffael also has experience as an Engagement Manager at McKinsey & Company from July 2003 to August 2009 and as a Financial Analyst at Goldman Sachs in the early 2000s.

Head of Wealth Management, Turkey, Greece and Africa

Andreea is currently the Sector Head for Turkey, Israel, Greece, and Africa at UBS Global Wealth Management, a position she has held since July 2023. Prior to this, she worked at Credit Suisse from September 2020, where she held various roles including Market Leader Israel, Market Area Head for Israel and Central Europe, and Strategic Client Partner in International Wealth Management. She also served as Chairwoman of the Board of CSFSI at Credit Suisse Financial Services Israel. Before her time at Credit Suisse, Andreea was at Deutsche Bank from August 2008 to September 2017, where she held the positions of Market Area Head for Emerging Europe and CEO of Deutsche Wealth Management UK. Her earlier experience includes nearly nine years at UBS, where she held roles such as Head of Key Clients for France and Emerging Europe, Senior Relationship Manager for Key Clients in the Middle East, and FX Sales. Prior to her career in banking, she worked as an FX Sales at LCL from July 1996 to October 1997.

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- Matthew is a Senior Vice President at Merrill Private Wealth Management, where he has worked as a Private Wealth Advisor since August 1983.
- 1979 - 1983: Michigan State University - Bachelors Degree.

- Matthew is a Senior Financial Advisor and Assistant Vice President at Merrill Lynch Wealth Management, joining in June 2014.
- 2011 - 2015: Michigan State University - Bachelors Degree.

UBS Welcomes The Bucher Group: Birminghams New Wealth Management Team

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