UBS Wealth Management Americas, a unit of UBS, named Frank Minerva chief operating officer of its ultra-high-net worth business as the firm continues to reshuffle leadership in its US brokerage.

Minerva, a 21-year UBS veteran, previously oversaw the New York office of UBS' Private Wealth Management. He replaces Douglas Black, who will pursue new opportunities within Wealth Management Americas, a company spokesman confirmed.

UBS names new COO of US Private Wealth unit

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