All quotes delayed a minimum of 15 minutes. ZURICH, July 10 (Reuters) - UBS on Friday appointed William Kennedy as global head of distribution for its global asset management business, according to a memo seen by Reuters and confirmed by the Swiss bank. UBS has confirmed that William Kennedy will succeed to Andreas Schlatter as global head of Distribution for its global asset management business after Reuters has revealed a UBS internal memo. 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Kennedy will take over the Zurich-based role in mid-September from Andreas Schlatter who is retiring from the investment management industry, the memo said. Related articles. He will report to Ulrich Koerner, president of UBS Global Asset Management. He will report to Ulrich Koerner, president of UBS Global Asset Management. Subscribe to Private Banker International, Get breaking news alerts, daily analysis, email summary and in-depth special reports on key trends and developments. «We have to be realistic,» said William Kennedy, head of distribution at UBS asset management and in charge of UBS Partner. Based in Zurich, Kennedy will assume his new role in September 2015, UBS asset management president Ulrich Koerner said in a memo. Wealth management: what will be its future in Europe? UBS has appointed William Kennedy to head its European equities business in the latest in a series of managerial changes at the Swiss investment bank. Prior to this, Kennedy was head of Investment Products and Services at UBS AG. Every month, FinTrack will showcase the latest innovations from financial providers around the world. UBS appoints new European equity head. Swiss banking giant UBS has named William Kennedy as new global head of distribution for its global asset management unit, replacing Andreas Schlatter. «As a bank, we will never have all the clients of this world.» Completely Independent. Access in-depth special reports dedicated to key trends and developments affecting Private Banking & Wealth Management globally. See here for a complete list of exchanges and delays. By. Kennedy will take up his new duties in mid-September and will be based in Zürich. All reports are editorially independent and designed to provide unique insight. “With his strong client focus, his thorough knowledge of products and his wide network across units, William Kennedy is the ideal candidate to lead the further transformation of our global distribution organisation,” said the memo which was reported by Reuters and signed by Koerner and UBS Wealth Management president Juerg Zeltner. Kennedy has been at UBS for 15 years and has served in several positions at the bank. June 15, 2008 12:36 am . Read the latest subscriber edition, as well as our archives, including in-depth features, comments, exclusive research and guest articles. Updated with correction. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Barclays expands its presence in South Africa, LLB chairman steps down following criminal allegations, Victory Capital to take over US asset manager THB, Coretelligent snaps up Soundshore to bolster financial services offering, How To Accelerate Brilliant Digital Experiences With Low-Code, Personal login credentials to privatebankerinternational.com, In-depth special reports on key trends and developments, Opinions & comments from market participants and key thought leaders, Annual Global AuM and APAC AUM survey data, as well as monthly country reports. He will report to Ulrich Koerner, president of UBS Global Asset Management. Kennedy will take up his new duties in mid-September and will be based in Zürich. The product was originally developed in the wealth management division of UBS, with the help of its veteran banker Kennedy. William Kennedy was named global head of distribution at UBS Global Asset Management, a company spokesman said.. (Reporting by Joshua Franklin; Editing by Pravin Char). The 2nd International Investment Middle East Forum will look at where the industry is heading, the challenges and opportunities for the industry in the Gulf, and how IFAs are adapting to such reforms as BOD-49 and DIFC’s DEWS policy. He was most recently head of sales and structuring in the bank’s equity … If you continue using our website, we'll assume that you are happy to receive all cookies on this website. Kennedy will report to Koerner. UBS Global Asset Management had €616bn in assets under management as at 31 March 2015. Our Standards: The Thomson Reuters Trust Principles. The latest hires and moves in the sector. Swiss banking giant UBS has named William Kennedy as new global head of distribution for its global asset management unit, replacing Andreas Schlatter. UBS has confirmed that William Kennedy will succeed to Andreas Schlatter as global head of Distribution for its global asset management business after Reuters has revealed a UBS internal memo. Each innovation is assessed and rated on key criteria, to assist with identifying, tracking & understanding key innovation globally. As the ballots are counted, how is private banking reacting to the US election? Digital editions are here to cover some of the key trends and developments across the industry. Luke Jeffs. UBS has confirmed that William Kennedy will succeed to Andreas Schlatter as global head of Distribution for its global asset management business after Reuters has revealed a UBS internal memo.