UBS AG has hired the former president and chief executive officer of U.S. Trust Co. to run its U.S. private bank.
Processing Content
Craig Walling was named chief executive officer of the Private Bank at UBS Wealth Management U.S. on Wednesday. He will be in charge of expanding UBS' private banking offering in the United States.
Mr. Walling was the president and chief executive of U.S. Trust until 2005. Previously he had been the Europe president and chief executive officer of Charles Schwab Corp.
He is based in New York and reports to John Straus, the head of private wealth management for UBS Wealth Management U.S. Mr. Straus will become the chairman of the private bank.
