Snapshot from Aug 13, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / UBS Hires BofA Team in Tampa
Business hiring

UBS Hires BofA Team in Tampa

Analysis based on 6 articles · First reported Jul 27, 2026 · Last updated Jul 27, 2026

Sentiment
10
Attention
2
Articles
6
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The hiring strengthens UBS's wealth management presence in the US, particularly in the high-net-worth segment, and signals recovery from previous outflows. It may pressure Bank of America's private banking business in the region.

Wealth Management Banking
Event Summary

UBS has hired a four-advisor private wealth team from Bank of America Private Bank in Tampa, Florida. The team, consisting of Jesse Flatt, Lea Ann Drew, Brandon Burns, and Sara Rodriguez, manages approximately $1.3 billion in client assets and brings over 100 years of combined experience serving ultra-high-net-worth families and business owners. They will join UBS's Greater Florida/Gulf Coast Market, reporting to Tampa Bay Senior Market Director Jack Heiss. The hires are part of UBS's strategy to rebuild its US wealth business after a rocky 2025, during which the Americas wealth arm lost close to $6 billion in net assets. In Q1 2026, the unit reported $5.3 billion in net new money and an 80% jump in profit. UBS is also preparing to pilot everyday banking products with US employees and plans to roll out full-service banking to affluent American clients from mid-2027.

Key Actions
80 UBS hired Jesse Flatt
80 UBS hired Lea Ann Drew
80 UBS hired Brandon Burns
80 UBS hired Sara Rodriguez
60 UBS reported
50 UBS secured
40 Sergio Ermotti floated
30 Sergio Ermotti said
Entities Involved
stock
UBS
UBS gains a team managing $1.3 billion in assets, bolstering its US wealth business and signaling recovery from prior outflows.
Importance 100.0 Sentiment 15.0
stock
Bank of America
Bank of America loses a four-advisor team and $1.3 billion in client assets to UBS, potentially impacting its private banking presence in Tampa.
Importance 80.0 Sentiment -10.0
per
Sara Rodriguez
Sara Rodriguez joins UBS with 30 years of experience in trust and wealth management.
Importance 60.0 Sentiment 20.0
per
Jesse Flatt
Jesse Flatt joins UBS as a private wealth advisor, bringing nearly two decades of experience and a book of business.
Importance 60.0 Sentiment 20.0
per
Lea Ann Drew
Lea Ann Drew joins UBS with four decades of trust and wealth management experience.
Importance 60.0 Sentiment 20.0
per
Brandon Burns
Brandon Burns joins UBS, previously a market investment executive at Bank of America Private Bank.
Importance 60.0 Sentiment 20.0
per
Jack Heiss
Jack Heiss, Tampa Bay Senior Market Director at UBS, will oversee the new team.
Importance 30.0 Sentiment 10.0
per
Julie Fox
Julie Fox, UBS Southeast Regional Director, commented on the hires.
Importance 20.0 Sentiment 10.0
priv
RBC Rochdale
RBC Rochdale is a former employer of Flatt and Burns, not directly impacted by this event.
Importance 20.0 Sentiment 0.0
per
Sergio Ermotti
Sergio Ermotti, UBS CEO, is mentioned in context of succession planning, not directly impacted by this hire.
Importance 20.0 Sentiment 0.0
stock
Invesco
Invesco is a former employer of Flatt, not directly impacted.
Importance 10.0 Sentiment 0.0
stock
BlackRock
BlackRock is a former employer of Flatt, not directly impacted.
Importance 10.0 Sentiment 0.0
stock
Morgan Stanley
Morgan Stanley is a former employer of Flatt, not directly impacted.
Importance 10.0 Sentiment 0.0
subs
Bank of America — Merrill (company)
Bank of America — Merrill (company) is a former employer of Flatt, not directly impacted.
Importance 10.0 Sentiment 0.0
stock
Wells Fargo
Wells Fargo is a former employer of Drew, not directly impacted.
Importance 10.0 Sentiment 0.0
+ 6 more entities View on Dashboard
Relationships
UBS related ↔ Bank of America
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