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UBS taps JPMorgan’s McNally for U.S. financial institutions group

UBS Global Asset Management has named Ned McNally as a director and national sales manager. McNally will focus on business development efforts in the firm’s U.S. financial institutions group. Previously, McNally worked at JP Morgan Asset Management where he served as an external client advisor.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–UBS Global Asset Management, a division of UBS AG, has hired Ned McNally as a Director and National Sales Manager, focusing on business development efforts in its US Financial Institutions Group. Based in Chicago, Ned will focus on leading the field sales initiatives in the sub-advisory and financial intermediary markets, and will report to Bob McGowan, recently named Head of Intermediary and Institutional Distribution for the Americas region.

“Our investment capabilities are well aligned with the needs of sub-advisory and financial intermediary markets,” said McGowan. “Ned is a key addition to our already strong team as we continue to expand our relationships with our current clients and engage with new ones.”

Prior to joining UBS, Ned was an External Client Advisor with JP Morgan Asset Management, focusing on the sub-advisory and insurance sales channels. Before that, Ned was a Regional Director with Aurora Investment Management, wholesaling hedge fund of funds. Prior to that, Ned spent eight years at Deutsche Bank/DWS Investments in various sales and marketing roles, ultimately focusing on the sub-advisory/insurance and retirement/DCIO sales channels. He has more than 11 years of investment experience.

“I am truly excited and honored to join a world-class firm like UBS Global Asset Management,” said McNally. “Right now is a very exciting and dynamic time for the marketplace, and I believe that UBS’s robust investment engine is uniquely tuned to offer our clients the next-generation products and services they are looking for.”

Ned graduated from Georgetown University with a BA in English, and received an MBA from the DePaul Kellstadt Graduate School of Business.
The US Financial Institutions Group has a website to help provide our clients’ with high-level descriptions of our strategies, services and team. For more information, please contact Irene Passiglia at irene.passiglia@ubs.com.

About UBS Global Asset Management
UBS Global Asset Management is a large-scale asset manager with well-diversified businesses across regions, capabilities and distribution channels. It offers investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate, infrastructure and private equity investment capabilities that can also be combined into multi-asset strategies. The Fund Services unit provides professional services including legal fund set-up, accounting and reporting for traditional investment funds and alternative funds.

Invested assets worldwide totalled some CHF 621 billion (EUR 511 billion, GBP 409 billion, USD 700 billion) at 30 June 2014. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland and one of the largest fund of hedge funds and real estate investment managers in the world.

With around 3,800 employees, located in 24 countries, we are a truly global firm. Our principal offices are in London, Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Singapore, Sydney, Tokyo and Zurich.

The information and opinions contained herein are a reflection of UBS Global Asset Management’s best judgment based on current market assumptions and are considered forward-looking statements. Any obligation to update or alter forward-looking statement as a result of new information, future events, or otherwise is disclaimed. There is no assurance that these projections will ultimately be realized. Actual future results may prove to be different from expectations.

About UBS
UBS draws on its 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 leading universal bank in Switzerland, complemented by its Global Asset Management business and its Investment Bank, with a focus on capital efficiency and businesses that offer a superior structural growth and profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 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 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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