Bob Mulholland, UBS Wealth Management Americas’ Client Advisory Group head has retired, according to a memo distributed to the firm’s 7,000 advisers.

Mulholland, who was second-in-command, will be succeeded by Brian Hull, who had been UBS’s head of strategic clients and partnerships for the U.S. wealth unit.

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UBS Wealth Management Americas’ president Bob McCann in the memo said: "I am grateful to Bob for his many contributions to WMA, and for serving as one of the key members of our renewal team. Bob’s leadership has helped us establish a culture where the best managers and advisors want to come, stay, and build long, rewarding careers."

Mulholland spent most of his career at Merrill Lynch, where he began as a financial advisor in 1979. He joined UBS in 2009 from the institutional brokerage and hedge fund firm Sound Securities.

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