By Michael Wursthorn 

UBS Group AG named a new head for its wealth-management group in New York's Long Island region.

The firm said it hired John Houlihan from Barclays PLC's U.S. wealth division to head the complex, which oversees five branches across Long Island.

A Barclays spokesman didn't immediately comment on the departure.

Previously, Mr. Houlihan was the regional manager for Barclays's wealth business in Atlanta, where he had worked since 2012. Prior to that, he spent nearly two decades at Morgan Stanley.

Mr. Houlihan leaves Barclays ahead of a deal that has the London-based bank selling its U.S. wealth unit to Stifel Financial Corp. The sale is expected to close in the fourth quarter.

Write to Michael Wursthorn at michael.wursthorn@wsj.com

 

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(END) Dow Jones Newswires

September 17, 2015 14:31 ET (18:31 GMT)

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