March 23, 2012
469
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3:08Now PlayingOct. 6 (Bloomberg) -- Joseph Grano, who ran UBS AG's U.S. wealth-management business before leaving in 2003, talks with Bloomberg's Erik Schatzker about the future of Paine Webber.
Grano, who is now chief executive officer of advisory firm Centurion Holdings LLC, also discusses the possibility that former Merrill Lynch & Co. brokerage head Robert McCann may join UBS. Zurich-based UBS bought Paine Webber Group Inc. for $11.5 billion in 2000, scrapping the brand three years later and re-labeling it UBS. (This is an excerpt of the full interview. Source: Bloomberg)
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