UBS' McCann Hires Ex-Merrill Executives

NEW YORK (TheStreet) -- Robert McCann, the new chief of UBS'(UBS Quote) wealth-management business in the U.S., has grabbed some former Merrill Lynch executives to help him revive the division of the Swiss bank.

McCann, who ran Merrill's wealth-management operation, said four former colleagues from Merrill, including Bob Mulholland, once the head of Americas for the Global Private Client Group, and Brian Hull, most recently the head of Merrill's Private Bank and Investment Group, will join him at UBS, according to reports from the Wall Street Journal and others.

UBS also hired John Brown, who spent 29 years at various positions at Merrill, now a unit of Bank of America(BAC Quote), and Paula Polito, who has run the marketing departments of Merrill Lynch Global Wealth Management and Fidelity Investments, the Journal says. ...