A South Florida advisory crew with over $470 million in managed belongings will be a part of UBS Non-public Wealth Administration from J.P. Morgan, UBS introduced at the moment.
John Hardin is becoming a member of the Miami personal wealth administration market out of the agency’s Coral Gables workplace together with Senior Wealth Technique Affiliate Katelyn O’Hara.Â
Brad Rosenberg, the higher Miami market director for UBS Non-public Wealth, mentioned the crew was thrilled to welcome Hardin and O’Hara and touted their dedication to delivering “personalised, best-in-class” service for shoppers.
Hardin joined J.P. Morgan in 2016, working with ultra-high-net-worth shoppers and household places of work whereas holding the Chartered Monetary Analyst designation. O’Hara was with J.P. Morgan Non-public Financial institution for 3 years, working with advisors targeted on HNW shoppers within the Southeast. Earlier than that, she labored in Goldman Sachs’ world markets group in Warsaw, Poland.
The duo will be a part of Integra Companions, a personal wealth crew led by Vicente Del Rio, Brian Beraha and Horacio Aguirre. Like Hardin and O’Hara, the crew is initially from J.P. Morgan however left for UBS in 2021. Since then, they’ve expanded their e book of enterprise to greater than $7.2 billion in belongings underneath administration.
Earlier this 12 months, UBS moved funding financial institution head Rob Karofsky to co-run its wealth unit with Iqbal Khan (Karofsky additionally runs the financial institution’s U.S. enterprise whereas Khan is president of the Asia Pacific area, along with each executives’ wealth duties). In keeping with Bloomberg, the shakeup sophisticated the jockeying to succeed present Chief Government Officer Sergio Ermotti.
Within the wake of the management adjustments, UBS reorganized its wealth administration phase by creating a brand new unit known as GWM Options, bringing wealth choices underneath one division. The brand new group is led by former Credit score Suisse wealth banker Yves-Alain Sommerhalder, and its providers embody funding administration, lending, household and institutional wealth various funding merchandise and techniques, in response to Bloomberg.
