Robert J. McCann

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For the Canadian mathematician, see Robert McCann (mathematician).
Robert J. McCann
Bob-Whitened.jpg
Personal details
Born
Robert J. McCann

(1958-03-15) March 15, 1958 (age 63)
Pittsburgh, Pennsylvania, U.S.
NationalityAmerican and Irish citizen
Alma materBethany College
Texas Christian University
OccupationFinancial services

Robert J. McCann (born 15 March 1958) is an American businessperson with Irish dual citizenship. McCann is now chairman of UBS Americas, where his duties involve strategic initiatives around clients and business priorities.[1] He was formerly President Wealth Management Americas and President Americas of UBS Group AG.[2] He had led the Wealth Management Americas division since 2011 and had served as a member of the UBS Group AG executive board since 2009. He relinquished both roles when he stepped down in 2015,[3][1] with Tom Naratil assuming his previous roles.[1]

Early life and education[]

McCann graduated from West Virginia's Bethany College in 1980 with a Bachelor's degree in economics.[4] He was later awarded a fellowship through the Sid W. Richardson Foundation to attend the Neeley School of Business at Texas Christian University, where he earned an M.B.A. in 1982.[5] Subsequently, at Harvard Business School, McCann attended the six-week Advanced Management Program.[3] In 2010, McCann was awarded an honorary doctorate from Bethany College.[6]

Career[]

Merrill Lynch[]

McCann's career at Merrill Lynch began in 1982 and spanned 26 years. From 2003 and until his departure in January 2009, McCann was Vice Chairman of Merrill Lynch and President of Global Wealth Management.[7] During his tenure, McCann held a variety of executive leadership positions. He was the Vice-Chairman of the firm's Wealth Management Group (including Global Private Client and Merrill Lynch Investment Managers), the Head of Global Securities Research and Economics (2001 to 2003), Chief Operating Officer of Global Markets and Investment Banking (2000), and Head of Global Institutional Sales (1998 to 2000).[8]

As Head of the Global Equity Trading & Markets Division, he was responsible for trading and risk management activities relating to Merrill's equity products, which provided issuers and investors access to world markets through the global underwriting, trading and distribution of stocks. In 1998, McCann took over the Global Institutional Client Division, where he was responsible for all debt and equity client relationships.

In 2001, McCann became a member of the Executive Management Committee and was named Head of Global Securities Research and Economics, responsible for all equity, fixed income and economic research worldwide. In addition, McCann worked in 2003 in AXA Finance as the Vice-Chairman in distribution and marketing.

UBS Group Americas[]

McCann is presently Chairman of UBS Americas, having stepped down as President of UBS Wealth Management Americas (formerly CEO of Wealth Management Americas) and as a member of the UBS Group AG Group Executive Board effective January 2016, roles he took on when he joined the firm in October 2009.[9] McCann has also held the position of President Americas since December 2011 (formerly CEO of UBS Group Americas). After the restructuring of UBS AG to become UBS Group AG in 2014, he was appointed to the same position.[9]

As President of UBS Wealth Management Americas, McCann coordinated Wealth Management Americas, the Investment Bank and the Asset Management divisions, which conduct business in the U.S., Canada, Latin America and South America.[2]

Under McCann, Wealth Management Americas conceived Revitalizing America, an initiative that consists of high-profile speaking engagements along with programs aimed at the U.S. economy.[10] The Clinton Foundation and UBS Wealth Management Americas formed the CEO-UBS Small Business Advisory Program, a philanthropic partnership aimed at boosting business and job growth by bolstering the knowledge and skills of small business owners in underserved communities. The Foundation's Clinton Economic Opportunity Initiative (CEO) and UBS Wealth Management Americas in 2011 concluded the six-month pilot mentorship program in the New York City metropolitan area, where small business owners received guidance from a UBS financial advisor, along with access to Wealth Management Americas clients who are experienced business leaders.[11] In 2012 this programme was rolled out across firms in Chicago and Los Angeles.[12]

On August 13th 2020, McCann announced his public departure from UBS[13]

Boards and organizations[]

McCann has worked with various securities associations and exchanges. He is a former governor of FINRA[14] and board member of the Securities Industry Association.[15]

Charitable and other nonprofit pursuits[]

Bethany College[]

McCann is the founder of the McCann Learning Center at Bethany College, his alma mater. The mission of the center is to enhance the learning skills of all students, transform the college experience of students with learning disabilities and support the heightened performance of faculty and staff.[16] McCann also established the McCann Family Student Investment Fund, which enables Bethany students to serve as investment professionals in managing and investing endowment funds.[17] In 2015, McCann and his wife Cindy donated a challenge gift in order to fund technology upgrades, personnel, and modern processes.[18]

The American Ireland Fund[]

McCann first got involved with The American Ireland Fund in 1998. Through his involvement with The American Ireland Fund, his focus has been on education and intercultural communication, where he helped raise funds to build a grade school in Northern Ireland dedicated to integrated education. He currently serves on the Executive Committee of the Board of Directors.[19] In 2016, McCann received the Chairman's Award of the Fund.[20]

Other nonprofit work[]

McCann is an Executive Patron and member of the Presidents Circle of No Greater Sacrifice, an organization that funds the education of children of military personnel who have been wounded or killed in the line of duty.[21] He currently sits on the board of the Irish Arts Center in New York.[22] In 2018, the National College Access Network named McCann their 2018 Champion of College Access.[23]

Personal life[]

Born and raised in Pittsburgh, Pennsylvania,[24] McCann is a dual citizen of the United States and Ireland.[25] He was awarded the Gold Medal from the American Irish Historical Society, which is awarded to an Irish-American or Irish-national of significant accomplishment.[26] He was inducted into the Irish America Hall of Fame in March 2015.[27]

References[]

  1. ^ a b c Leonhardt, Megan. "Bob McCann Steps Down as UBS Brokerage Head". WealthManagement.com. Retrieved 9 January 2016.
  2. ^ a b "Robert McCann becomes CEO of UBS Group Americas unit" by Lorie Konish, December 1, 2011 www.onwallstreet.com
  3. ^ a b "Bloomberg Profile". bloomberg.com. Retrieved 2015-02-09.
  4. ^ "UBS Robert J. McCann". UBS.com. Archived from the original on 2015-02-09. Retrieved 2015-02-09.
  5. ^ "International Wealth Management Leader Robert McCann to Address Bethany College Fall Convocation". Bethany College. Bethany College. Retrieved 10 November 2015.
  6. ^ "Bethany College : Honorary Degrees," www.bethanywv.edu
  7. ^ "2009_10_26a". global. Retrieved 22 January 2019.
  8. ^ "CV Robert J. McCann". Global topics. Retrieved 22 January 2019.
  9. ^ a b "UBS Corporate Governance, Group Executive Board". ubs.com. Retrieved 21 March 2015.
  10. ^ "UBS Wealth Management Americas (WMA) Hosts Revitalizing America: A Presidential Conversation On The Nation's Economic Recovery With Bill Clinton And George W. Bush" www.thestreet.com
  11. ^ "Clinton Foundation and UBS Wealth Management Americas Launch CEO-UBS Small Business Advisory Program," , Small Business Trends, July 9, 2011
  12. ^ Wollman Rusoff, Jane. "UBS Offers Big Help for Small Business". Think Advisor. www.thinkadvisor.com. Retrieved 3 October 2013.
  13. ^ "AdvisoryHub, McCann announced his departure from UBS" www.advisorhub.com
  14. ^ "Securities Firms Elect Seven Industry Governors to FINRA Board of Governors," www.finra.org, October 29, 2007
  15. ^ "Robert McCann named UBS Americas' new chairman". InvestmentNews. 2015-11-25. Retrieved 2021-07-08.
  16. ^ "Bethany College : Learning Services," www.bethanywv.edu
  17. ^ "Bethany College takes classroom Learning to Wall Street with $1 Million McCann Investment Fund" www.irishcentral.com
  18. ^ "Bethany College Announces $1 Million Challenge Gift" http://bethanywv.edu
  19. ^ "Robert J. McCann | Irish America" irishamerica.com
  20. ^ "Welcome". triblive.com. Retrieved 2021-07-08.
  21. ^ "Nonprofit Report for No Greater Sacrifice" www2.guidestar.org
  22. ^ "Our Team - Irish Arts Center". irishartscenter.org. Retrieved 2021-07-08.
  23. ^ http://www.collegeaccess.org/BlogItem?dg=4f8a23dd92224d409b7d7428b43fd3d9[dead link]
  24. ^ Merrill Lynch's WorldNet News, "Bob McCann: Expanding the Commitment to Excellence in Research," March 14, 2002.
  25. ^ "Robert J. McCann | Irish America" www.irishamerica.com
  26. ^ "American Irish Historical Society – Gold Medal". aihs.org. Retrieved 22 January 2019.
  27. ^ "Bob McCann to Be Inducted to Irish America Hall of Fame" www.irishamerica.com

External links[]

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