UBS UK retail head Graham Kane retires

UBS Global Asset Management head of UK retail Graham Kane has retired after 10 years with the company.

It is understood that UBS is not seeking an immediate replacement.

The remaining senior members of the UK retail team include head of UK retail discretionary sales John Shepherd, head of UK strategic alliances Warren Tonkinson and head of wholesale, Europe and the Middle East Rob Lay.

Kane set up the UK retail side of UBS Global Asset Management when he joined in 2001. It has nearly £1bn under management in the UK.

Kane was head of business development at Old Mutual Asset Managers before joining UBS. He previously worked at Morgan Grenfell, Societe Generale, Touche Remnant and Laurentian Unit Trust Management.

Chelsea Financial Services managing director Darius McDermott says: “Kane’s contribution to UBS has been huge, as he launched the retail side of the business in the UK. He will be hard to replace and UBS will struggle to find someone of his quality.”