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Bidding War Heats Up For GS Teams

UBS Private Wealth Management in Boston and Los Angeles picks one of the largest teams in the nation. The national practice is head up by Denis J. Cleary and Gregory M. Devine. They are one of the fastest growing PWM teams in the industry, managing more than $20M in production and $6B in assets. This is the 2nd $20M hire of a GS Team by UBS.
First Republic Bank in New York lands Brian Zakrocki and team. The previously Goldman team brought with them more than $12M in revenue with approximately $2.5B+ in assets. Zakrocki spent almost his entire career at Goldman. This is the 2nd largest hire of a huge GS Team by FRB who is aggressively recruiting some of the biggest teams in the US to its platform.

 

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