A UBS team managing $260 million in combined client assets has moved to the bank side at SunTrust Private Wealth Management, according to the firm.
Advisors John M. Borth, David P. Brown, Paul G. Ullmann, as well as senior registered client associate Brigid Kemmerer, have moved to SunTrust's main office in Baltimore, the firm says. The recruits generated a collective $2.5 million in annual revenue while at UBS, a firm spokeswoman says.
Brown first started in the financial securities industry with Alex Brown & Sons in 1981 prior to its acquisition by Deutsche Bank in 1997, BrokerCheck records show. He stayed on with the boutique until he joined Brown Advisory in 2003, and moved to UBS in 2008. Borth, who entered the industry with Alex Brown & Sons in 1991, later worked with Morgan Stanley before joining UBS in 2007, according to FINRA. Ullmann joined the industry with Morgan Stanley in 2000 and also moved to UBS in 2007, according to BrokerCheck.
Kemmerer, the team's registered client associate, entered the industry with Legg Mason in 2005 before moving to Citigroup and UBS, FINRA says.
SunTrust Bank recently appointed an international wealth management executive to its newly created post of regional managing director of GenSpring Family Offices, the bank's ultrahigh-net-worth unit.