UBS Group has moved its ducats from an 18-story tower in Downtown San Jose to the western suburbs.

After 34 years, the Swiss-based investment bank has pulled up stakes from 50 West San Fernando Street and moved to offices at the Santana Row mall at 355 Santana Row, the Silicon Valley Business Journal reported.

The Zurich-based financial services firm had occupied 12,600 square feet across the eighth floor at the building known as 50 West, owned by San Francisco-based Jay Paul Company, since 1989. In October 2020, it renewed its lease for two years, at $5.40 a square foot.

UBS moved its San Jose hub this week to a 9,000-square-foot office above Rosie McCann’s Irish Pub & Restaurant at Santana Row, five miles away. Terms of the deal were not disclosed.

The move comes six months after Switzerland’s biggest bank agreed to buy rival Credit Suisse for $3.3 billion. The deal was propelled by a near-collapse of Credit Suisse during a banking crisis that led to the failures of Silicon Valley Bank and Signature Bank.

UBS has been a major player in Silicon Valley and the Bay Area, with locations in Los Gatos, Palo Alto, Menlo Park, San Mateo, Walnut Creek and San Francisco. This month, it helped finance Blue Owl Capital’s $192.5 million purchase of Western Digital’s campus in Milpitas.

Maryland-based Federal Realty Investment Trust, which owns Santana Row, has been expanding the mall’s offices since opening it in 2002. Last year, it completed One Santana West, a 375,000-square-foot office building just across from the mixed-use mall.

UBS will join such tenants as NetApp, Splunk, Satellite Healthcare and Newmark Group, according to the Business Times.

With the exit of UBS at 50 West, 17 tenants remain, including The Silicon Valley Capital Club, Wells Fargo and public radio station KQED, whose name tops the buildings, as well as the Silicon Valley Business Journal, unidentified Jay Paul employees said.

Jay Paul bought the 18-story, 357,000-square-foot tower in 2019 for $238 million. 

— Dana Bartholomew

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SAN FRANCISCO–(BUSINESS WIRE)–UBS Private Wealth Management announced today that The Klinger Quan Group, led by Private Wealth Advisors Jeffrey Klinger and Bradley Quan, has joined the firm in San Francisco, CA. Jeffrey and Bradley focus on providing bespoke wealth management solutions and advice for ultra-high net worth individuals, families and executives.

“We are very excited to welcome Jeffrey, Bradley and their entire team to UBS,” said Todd Locicero, San Francisco Market Executive at UBS Private Wealth Management. “Their industry experience, expertise and dedication to clients make them a great addition to our firm, and we look forward to helping them continue to grow their business and serve clients in this key market.”

“We believe we have the strongest platform for Private Wealth Advisors in the industry,” added John Mathews, Divisional Director and Head of UBS Private Wealth Management. “With our comprehensive suite of capabilities to support ultra-high net worth individuals, advisors like Jeffrey and Bradley are exceptionally well-positioned to deliver the highest level of personalized service and advice to their clients.”

Jeffrey Klinger is a founder of the Klinger Quan Group within UBS Private Wealth Management. Jeffrey works with ultra-high-net-worth families, corporate executives, and entrepreneurs, providing comprehensive advice on their financial lives. He employs a goals-based approach that centers on the unique needs and priorities of each client.

Jeffrey joins UBS from Merrill Private Wealth Management where he worked as a Managing Director and Private Wealth Advisor since 2013. Prior to that, he spent five years as a Director of the Private Bank at Credit Suisse. Previously, Jeffrey served as a Vice President at Lehman Brothers within the Private Wealth Management division. He began his financial services career in 1997 at Burnham Securities in New York, where he was an investment banker. Jeffrey earned his Bachelor’s degree in Finance and Entrepreneurship from the University of Arizona.

Bradley Quan is a founder of the Klinger Quan Group within UBS Private Wealth Management. Bradley focuses on providing clients with customized advice and guidance on wealth management, tax-efficient investment management strategies, trust and estate planning services, and retirement strategies. He has particular knowledge in developing long-term frameworks designed to help preserve capital and generate cash flow, while mitigating risk.

Prior to joining UBS, Bradley was a Senior Vice President at Merrill Private Wealth Management since 2013. Prior to that, he was a Relationship Manager in Private Wealth Management at Credit Suisse, where he spent more than five years. Bradley began his career in 2003 as a Business Analyst for Lehman Brothers. He is a graduate of San Francisco State University, where he earned his Bachelor’s degree in Corporate Finance.

Notes to Editors

About UBS

UBS convenes the global ecosystem for investing, where people and ideas are connected and opportunities brought to life, and provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as to private clients in Switzerland. UBS offers investment solutions, products and impactful thought leadership, is the leading global wealth manager, provides large-scale and diversified asset management, focused investment banking capabilities, and personal and corporate banking services in Switzerland. The firm focuses on businesses that have a strong competitive position in their target markets, are capital efficient and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 29% in Switzerland, 20% in the rest of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

https://www.ubs.com

© UBS 2023. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

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SAN FRANCISCO–(BUSINESS WIRE)–UBS Private Wealth Management announced today that Lauren Kinch and Andrew Baumgartner have joined the firm in San Francisco. Together, Lauren and Andrew will partner with UBS advisors, Chris Clifford and Kate Kennedy, to form Labyrinth Wealth Advisors.

Labyrinth Wealth Advisors will advise and serve ultra-high net worth clients in Silicon Valley and the broader Bay Area. The 12-person team includes attorneys, CFAs®, and a CFP®, with expertise in investment management, tax optimization, estate planning, wealth transfer and family legacy.

“Lauren and Andrew are valuable additions to our team as we continue to focus on Bay Area founders, early employees, and executives,” said Todd Locicero, West Coast Market Head at UBS Private Wealth Management. “Wealth creators and our ultra-high net worth clients in the Bay Area require high-caliber, experienced partners like Lauren and Andrew to help them meet their unique needs and financial goals.”

“We are committed to providing our ultra-high net worth clients with the highest level of personalized service and advice,” said John Mathews, Head of UBS Private Wealth Management. “We believe we have the strongest platform for Private Wealth Advisors in the Americas, and with our suite of ultra-high net worth capabilities, teams like Labyrinth Wealth Advisors will be able to deliver the full power of UBS to clients in the Bay Area. ”

Lauren and Andrew bring over 25 years of combined industry experience to UBS. They join the firm from BNY Mellon Wealth Management where they spent the last five years advising clients and helping develop the firm’s wealth management platform offering.

Notes to Editors

About UBS

UBS convenes the global ecosystem for investing, where people and ideas are connected and opportunities brought to life, and provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as to private clients in Switzerland. UBS offers investment solutions, products and impactful thought leadership, is the leading global wealth manager, provides large-scale and diversified asset management, focused investment banking capabilities, and personal and corporate banking services in Switzerland. The firm focuses on businesses that have a strong competitive position in their target markets, are capital efficient and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 30% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

https://www.ubs.com

© UBS 2022. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

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SAN FRANCISCO – (BUSINESS WIRE) – UBS Private Wealth Management announced today that John “JT” Davenport, Angela Colombani and Sean Livingston have joined the company in San Francisco, California. The team brings together more than five decades of experience at UBS and joins the company after more than 10 years at JP Morgan Private Bank, where they have built a successful business advising very wealthy families. They manage $ 10.5 billion in client assets.

In addition to JT, Angela and Sean, the team also includes Client Service Associate Jordan Sayer, Senior Wealth Strategy Associate Chris Carothers and Senior Wealth Strategy Associate Tyler Baker-Williams.

“We are excited to welcome JT, Angela, Sean and their team to the company,” said Todd Locicero, West Coast Market Head at UBS Private Wealth Management. “Their expertise in serving clients in the tech and healthcare sectors will be a huge asset to the company and we look forward to working with them to grow their business here at UBS.”

JT worked at Goldman Sachs, Lehman Brothers and Arthur Andersen before joining JP Morgan Private Bank in 2010. At JP Morgan, he served as the managing director and head of the company’s Northern California Technology Practice, focusing on advising executives of private and public companies on pre-transaction planning, stock compensation and investment strategies. JT holds an MBA from the Berkeley-Colombia Executive MBA Program and a BS from Miami University. In 2001 he was awarded the title of Certified Public Accountant (CPA). JT currently serves on the Investment Committee of the Gateway Charter School in San Francisco.

Angela joined JP Morgan Private Bank in 2000, where she most recently served as Managing Director and Global Investment Specialist. She also led the practice of Northern California Private Bank Healthcare, which specializes in advising private and public company executives on pre-transaction planning, stock compensation and investment strategies. Angela has more than 20 years of experience in global capital markets and investment management. She holds a BS from California State University at Stanislaus, where she started on the women’s basketball team for four years.

Sean worked at PIMCO in Newport Beach, London and Munich before joining JP Morgan Private Bank in 2009. At JP Morgan, he served as Executive Director and Senior Client Advisor and led the private equity / venture capital team in Northern California. He has an MBA from the London Business School and a BA from the University of California, Irvine. Sean is active in his local community and has served on a variety of nonprofit bodies, including the San Francisco AIDS Foundation, the San Francisco Gay Men’s Chorus, and Friends of the Children.

Notes for editors

About UBS Global Wealth Management

As the world’s largest wealth manager, UBS Global Wealth Management offers wealthy families and private individuals worldwide comprehensive advice, solutions and services. Clients who work with UBS benefit from a fully integrated range of wealth management skills and expertise, including wealth planning, investment management, capital markets, banking, lending, and institutional and corporate financial advice.

About UBS

UBS offers financial advice and solutions to wealthy, institutional and corporate clients worldwide as well as private clients in Switzerland. UBS’s strategy is focused on our leading global wealth management business and our leading universal bank in Switzerland, complemented by Asset Management and the Investment Bank. The bank focuses on companies that have a strong competitive position in their target markets, are capital efficient and have attractive long-term structural growth or profitability prospects.

UBS is present in all major financial centers around the world. It has offices in more than 50 regions and locations, with approximately 30% of its employees in the Americas, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa, and 20% in the Asia-Pacific region. UBS Group AG employs over 68,000 people worldwide. The shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

© UBS 2021. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

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