UBS Expands Private Wealth Operation to Chicago

UBS has opened a Private Wealth Management operation in Chicago, Illinois, its third such office in the U.S.

The bank already has two other Private Wealth Management offices in New York City and Stamford, Connecticut, which also a comprehensive suite of brokerage, trust and private banking services.

The Chicago office will be managed by Dennis J. Drescher, Managing Director, UBS said in a press release.

’Through the opening of this new office, we are pleased to be able to expand our ability to offer our ultra high net worth clients in the Chicago region a holistic approach designed to help meet their unique financial planning needs,’ said John Straus, Head of Private Wealth Management and Chairman of the Private Bank, in the press release.