UBS Private Wealth Management (PWM) has hired Denis Cleary and Gregory Devine, currently managing $6bn in assets, for its operations in Boston and Los Angeles.
At present, the pair has clients in over 25 US states.
Cleary and Devine will be supported by analysts Abigail Harris, Seamus O’Neill, Mindi Chen, and Christopher Carbone.
UBS complex director of Boston PWM Max Bardeen said: “The team’s commitment to our community will be a welcome addition to our market.
“There is no doubt that our highest expectations will be exceeded.”
Cleary entered the private wealth management space in 2006. He specialises in catering to clients across technology, healthcare, family business as well as real estate sectors.
He previously served as a corporate attorney at an international law firm.
Devine ventured into the private wealth management sector in 2004 and worked across the technology, private equity, venture capital, and family business sectors.
UBS head of Ultra-High Net Worth Americas and Private Wealth Management John Mathews said: “With their entrepreneurial focus, productivity and national footprint, Denis, Greg and their team are a strong addition to our Private Wealth Management business.
“Known for being one of the largest teams in the country under the age of 50, we’re proud to have them on board here at UBS to bring a differentiated view for our clients.”