McCann, the former president of Global Wealth Management at Merrill Lynch, is now making his mark at UBS, which he joined in October (see “McCann in to Head UBS Wealth Management”). Dow Jones reported that McCann announced in an internal memo Tuesday that Bob Mulholland, a 25-year Merrill veteran, will replace Jamie Price as head of UBS’ Wealth Management Advisor Group. Mulholland will be responsible for the firm’s advisory strategy and will lead UBS’ brokerage force. Price will move to an advisory role at the firm, while he considers “new career opportunities,” the memo said.
McCann also named Brian Hull to the newly created position of head of Wealth Management Partnerships as UBS changes the structure of some of its brokerage divisions, according to the news report. Before joining UBS in November, Hull was most recently head of Merrill’s Private Bank and Investment Group.
John Brown, a 29-year Merrill veteran, will serve in a new role as head of Wealth Management Solutions, responsible for product platform development and strategy, according to the report. Jim Hausmann, previously interim head of Products and Services, will take a leadership role in the new Wealth Management Solutions organization, reporting to Brown.