UBS Wealth Management Americas, a division of UBS AG, announced that it has hired Andrew Duren as Head of Institutional Consulting & Retirement Program Administration and Operations.
Duren, a 25 year veteran of the industry, joins UBS from Graystone Consulting. He will be responsible for the business operations and administration of the firm's Institutional Consulting and Retirement programs including Defined Contribution Plans, Defined Benefit Plans, endowments, foundations, Taft-Hartley plans, hospitals, municipalities and other institutional clients. Andrew will work closely with Peter Prunty, Head of Institutional Consulting & Retirement Business Development, to ensure the delivery of best-in-class solutions and processes to drive growth and support the firm's Institutional Consultants and their clients. Duren will report to Jim Hausmann, Head of Corporate Solutions & Retirement Services.
"We are thrilled to have Andrew join our institutional consulting leadership team in this newly created role. His vast experience leading and managing platforms dedicated to serving the complex needs of sophisticated clients will be immensely beneficial," said Hausmann.
Duren has a strong background in operations and extensive experience working with institutional clients and implementing best business practices to meet complex client needs across institutional, corporate and wealth management platforms. While at Graystone Consulting, he built an industry-leading reputation focused on Institutional Client solutions and strategies.
"I look forward to working with the team to help build on UBS's momentum and continue to deliver UBS Institutional Consultants and their clients a best in class service experience," said Duren.
UBS Institutional Consulting Group is in its 30th year providing institutional clients with comprehensive and customized investment consulting services. Nationally the group serves over 800 institutional organizations with combined assets of over $60 billion. The UBS Institutional Consulting Group consists of a select group of approximately 95 Institutional Consultants in 59 branches nationwide who have proven expertise and experience providing holistic advice to institutional clients. UBS Institutional Consulting Group is committed to combining their experience, knowledge and energy with the global resources of UBS to provide proactive advice and customized solutions to help clients pursue their long-term objectives.
Wealth Management Americas provides advice-based solutions through financial advisors who deliver a fully integrated set of products and services specifically designed to address the needs of ultra high net worth and high net worth individuals and families. It includes the domestic US business, the domestic Canadian business and international business booked in the US.