NEW YORK--(BUSINESS WIRE)--Paula Polito, Client Strategy Officer of UBS Wealth Management Americas, and Dawn Fitzpatrick, Global Head of Equities, Multi-Asset, & O'Connor, were named among the 25 Most Powerful Women in Finance by American Banker magazine. The two UBS Group Managing Directors were honored for their professional and personal achievements and their business acumen. The 14th annual ranking recognizes women whose outstanding performance is driving change in the non-bank finance sector, including capital markets, asset management, investment banking and card networks.
"Paula and Dawn continue to set a high standard for all of us at UBS, as well as for rising leaders across the financial services industry," said Tom Naratil, President UBS Wealth Management Americas and President UBS Americas. "We're proud of their many accomplishments throughout their careers and the important contributions they continue to make to our success. I'm pleased to join all of my UBS colleagues in offering them our well-deserved congratulations."
Polito is WMA's Client Strategy Officer and a Group Managing Director, one of 124 at UBS AG globally, and a member of the Executive Committee of UBS Wealth Management Americas. As Client Strategy Officer, she leads 350 employees, accountable for $160 billion in assets for the firm. Polito is directly responsible for six significant areas of business, including WMA's Corporate Solutions businesses, which cover Retirement Plan Consulting, Equity Plan Advisory Services, Institutional Consulting, and the Wealth Advice Center for emerging affluent clients. She plays a key role in setting the strategic direction of the firm and also serves as Chairman of UBS’s Client Strategy Office Forum, an organization dedicated to enhancing the client experience across all global divisions of UBS.
"Diversity of thought, perspective and experience enriches society and strengthens industries," said Polito. "The American Banker awards bring renewed attention to the critical challenge of making sure the financial services industry remains inclusive and diverse. It's a privilege to be recognized."
Fitzpatrick is the Global Head of Equities, Multi-Asset, & O'Connor, and is responsible for overseeing more than CHF 300 billion in assets and over 350 employees, of which approximately 250 are investing professionals. She is also a member of the esteemed Federal Reserve’s Investor Advisory Committee on Financial Markets, a forum of 14 leaders in the investment community. They discuss financial, economic and public policy issues and help inform the New York Fed president and senior management. Fitzpatrick is also a member of 100 Women in Hedge Funds, a global organization focused on educational programming and philanthropy.
"It's an honor to be included in this group of inspirational industry leaders who play an important part of driving our industry and businesses forward. Since I started my career on Wall Street so much has changed in for women in terms of opportunity and growth. I'm appreciative to American Banker for highlighting and celebrating the evolution of diversity in finance."
Notes to Editors
About UBS Wealth Management Americas
Wealth Management Americas is one of the leading wealth managers in the Americas in terms of financial advisor productivity and invested assets. Its business includes UBS’s domestic US and Canadian wealth management businesses, as well as international business booked in the US. It provides a fully integrated set of wealth management solutions designed to address the needs of ultra high net worth and high net worth clients.
About Asset Management
Asset Management is a large-scale asset manager with a presence in 22 countries. It offers investment capabilities and investment styles across all major traditional and alternative asset classes to institutions, wholesale intermediaries and wealth management clients around the world. It is a leading fund house in Europe, the largest mutual fund manager in Switzerland, the third-largest international asset manager in Asia, the second largest fund of hedge funds manager and one of the largest real estate investment managers in the world.
About UBS
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
