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.
Damaso is a graduate of Saint’s Mary's College in Notre Dame, IN, where she earned a Bachelor's degree in Business Administration.Notes for Editors About UBS Wealth Management Americas UBS Wealth Management Americas provides advice-based relationships through financial advisors who deliver a fully integrated set of products and services specifically designed to address the needs of ultra-high net worth, high net worth and core affluent individuals and families. It includes the Wealth Management U.S. business, the domestic Canadian business and the international business booked in the United States. About UBS UBS AG and its subsidiaries draw on a 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will drive further growth and expand its premier wealth management franchise. UBS is present in all major financial centers worldwide. It has offices in 57 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 62,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). www.ubs.com/media