UBS Wealth Management to open its latest office in Yorkshire

The Swiss financial services firm said it had decided to open an office in City Square, Leeds because of the city’s “impressive entrepreneurial flair and heritage”.

Entrepreneur Richard Bottomley has joined the advisory board and will oversee office’s development.

Initially, it will have five staff, but UBS hopes to hire more.

Mr Bottomley was formerly a senior partner with KPMG, and is currently chairman of Greggs Pension Scheme.

He is also a director at Durham County Cricket Club.

Jonathan Brown, head of UBS’s Regional Wealth Management Business UK, said: “I am delighted that we have achieved our ambition of establishing an office in Yorkshire.

“While we already have a strong foothold in Yorkshire, the opening of a permanent office represents an important addition to our regional office network.

“Richard’s advice and guidance has been invaluable and complements the expertise of our client advisers.

“There is significant wealth and influence in Yorkshire and UBS is committed to bringing more choice and experience to this important market.”

Mr Bottomley added: “It is exciting to be involved in the opening of the Yorkshire office of UBS, and to work with such a talented and experienced team of investment professionals, including Neil King, James Copeland, Karen Vardy and Claire Kerr.

“It is great news for Yorkshire that UBS has decided to open its latest regional office in Leeds.”

UBS is one of the biggest global wealth managers.

It manages assets of more than $1 trillion worldwide.

The Yorkshire operation becomes UBS’s sixth UK office, alongside London and teams in Edinburgh, Newcastle, Manchester and Birmingham.

Altogether, UBS has offices in 50 countries.

Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange.

UBS received a banking licence in 2006.

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