UBS Wealth Management Americas, a division of UBS AG, announced that Karen Damaso has joined the firm to support new business development initiatives in the equity compensation services division. Based in New Jersey, Damaso will focus on driving corporate client sales with key prospects in collaboration with Financial Advisors. She will report to Michael Barry, head of the business.
"We are excited to have Karen join us. Her extensive industry experience and unique skill set with a background in financial reporting will strengthen our ability to deliver solutions to our corporate clients, prospective clients and Financial Advisors." said Barry.
Damaso joins UBS with more than 16 years of corporate sales experience and 7 years of corporate equity compensation experience, having worked at Equity Methods, a pioneer of FAS 123R/ASC 718 software and provider of consulting services for the valuation and expensing of share-based awards and Bank of America Merrill Lynch. As Director of Sales for both Equity Methods and Bank of America Merrill Lynch, Karen helped corporate clients solve complex equity valuation and financial reporting compliance challenges. Prior to joining Equity Methods, Karen held various sales leadership roles for corporate financial services and tax consulting firms, as well as various start-up technology ventures.
“This is a very exciting time to be at UBS, and I am looking forward to teaming up with our premier Financial Advisor network. We have a tremendous opportunity to establish new corporate client relationships and create long-term value through our innovative technology platform solutions, and sound advisory and education services," said Damaso.In the past four years, UBS has invested nearly $200 million to bring clients cutting-edge technology and industry expertise. Serving more than 125 companies representing 1 million-plus participants in over 150 countries, UBS offers cost-effective plan administration and transaction solutions, helping employees understand the true value of their rewards, regardless of their level of sophistication.