UBS Hires JPMorgan Veteran Michael Camacho to Shake Up U.S. Wealth

The Swiss bank is making changes to its U.S. operations to enhance profitability and asset growth. UBS announced that a new head, Camacho, will join in September to oversee the global wealth-management division in the U.S. Additionally, the current unit head, Chandler, will transition to the role of chair for the Americas business.

The Swiss bank, UBS, is restructuring its U.S. operations to boost profitability and asset growth. In September, Camacho will be joining as the new head of the global wealth-management division in the U.S. Meanwhile, Chandler, who has been leading the unit since 2019, will take on the position of chair for the Americas business.