Share to: share facebook share twitter share wa share telegram print page

Tom Naratil

Tom Naratil[1]
Born
Thomas Christopher Naratil

(1961-12-01) 1 December 1961 (age 63)
Alma materYale University
New York University Stern School of Business
OccupationBusiness executive
Years active1983–present
EmployerUBS Group AG
Board member ofAmerican Swiss Foundation, Consultors for the College of Nursing at Villanova University, UBS Americas Holding LLC
SpouseWendy Naratil
Children5

Thomas C. Naratil (born 1961) is an American business executive in the financial industry.[2] After serving as president of both UBS Wealth Management Americas and UBS Americas since early 2016,[3] Naratil was appointed CEO of UBS Americas Holding LLC and became co-president of Global Wealth Management of UBS Group AG and UBS AG in early 2018.[4]

Naratil started his career in finance in 1983 when he joined the brokerage firm Paine Webber Jackson & Curtis. The Swiss bank UBS acquired PaineWebber in 2000[2] and Naratil would hold various senior management positions at UBS Group, including chief financial officer (CFO) and chief operating officer (COO) from 2014 to 2015.[5] Naratil succeeded Robert McCann as president of both UBS Wealth Management Americas and UBS Americas. In 2016,[3] Naratil led a reorganization that involved cutting recruitment of US advisors and thinning management ranks, while also increasing compensation for UBS advisors.[6][7][8]

He is on the boards of organizations such as the American Swiss Foundation and College of Nursing at Villanova University, and has served on its Clearing House Supervisory Board.[9][10]

Early life and education

Thomas C. Naratil was born in 1961 in the United States.[2] After earning a Bachelor of Arts degree in history from Yale University in 1983, he earned a Master of Business Administration degree in economics from New York University's Stern School of Business in 1990.[9] Naratil served in the United States Army Reserve for six years.[11]

Career

1983-2008: UBS PaineWebber

In July[9] 1983 Naratil joined the American brokerage firm Paine Webber Jackson & Curtis[2] through its corporate intern program. He became a trading assistant in the firm’s taxed fixed income (TFI) unit in January 1985, and the unit later appointed him manager of risk, origination, sales, and marketing. From 1987 to 1993 Naratil co-managed the TFI unit’s government and federal agency trading desk, and in 1994[9] he became PaineWebber's TFI director.[12] The Swiss bank UBS acquired PaineWebber in 2000,[2] renaming it UBS PaineWebber in 2001.[13] Initially appointed director of UBS PaineWebber’s investment products group, in 2002 the division appointed him director of its transactions products group[9] and director of banking and transactional solutions.[5] In 2003 UBS PaineWebber was renamed UBS Wealth Management USA.[14]

UBS selected Naratil as its global head of market strategy and development in 2005. In that role, he was responsible for "the sales, marketing and trading of all taxable debt, convertible securities and preferred stock" of UBS.[9] In 2007 he was named UBS's global head of marketing, segment and client development. During the 2007–2008 financial crisis, he served as head of UBS’s Auction Rate Securities Solutions Group.[5]

2009-2015: UBS CFO and COO

In 2009[8] Naratil was appointed chief financial officer (CFO) and chief risk officer (CRO) of UBS Wealth Management Americas,[2] a role he held until 2011.[3][8] In May 2011 he began serving as UBS’s global CFO, moving from the United States to Zurich, Switzerland to succeed John Cryan[2] as both CFO and a member of UBS's Group Executive Board,[15] which Naratil joined on June 1, 2011. On January 1,[9] 2014, he was named UBS’s chief operating officer (COO) in addition to his CFO responsibilities. He retained both his COO and CFO roles until the end of 2015.[9]

2016-2018: president of UBS Americas and UBS Wealth Management Americas

Appointment

Naratil succeeded Robert McCann as president of both UBS Wealth Management Americas and UBS Americas on January 1, 2016,[3] tasked by UBS executives with "extending the brokerage’s profit beyond roughly $1 billion annually."[8] The Wall Street Journal wrote that Naratil was expected to continue the unit’s focus on "primarily serving clients who have millions of dollars to invest."[3] In May 2016[16] Naratil created an alliance with the financial technology company SigFig to create fintech products for UBS, among them a digital platform to support his financial advisors.[7]

Wealth Management Americas re-organization

Naratil led a reorganization at UBS’s US wealth management arm in June 2016[6] to "push decision-making authority down to the firm’s 208 local managers," giving managers control of their team structures, allocation of marketing and event resources, and pricing for services and products.[7] The reorganization involved cutting recruitment of US advisors by 40 percent annually, as well as thinning management ranks.[6] Around 60 senior executives and support staff "sandwiched between upper management and the local level" were redeployed or cut, with Naratil eliminating 20 percent of the managing directors and 10% of the executive directors working from UBS Americas’ home office. With the funds saved from reducing overhead, Naratil built "a SWAT team of roving experts," including specialist-lending and technology experts, to work with local advisors.[7] Also as part of the restructuring, he oversaw a simplification of the arm’s compensation plan. Taking effect in 2017, Naratil said no advisor would get less cash under the plan,[6] which left base pay levels for advisors unchanged.[8] Beyond increasing pay to select advisors[6] and pay to advisors with the most business, the changes also offered incentives for working in teams, bringing in new business, and selling client books within the firm upon retiring.[7] "Following UBS's lead," Merrill Lynch and Morgan Stanley also announced plans in 2017 to change their recruitment and compensation plans.[17]

2018-present: co-president of Global Wealth Management of UBS Group AG and UBS AG and CEO of UBS Americas Holding LLC.

In January 2018, Naratil was appointed CEO of UBS Americas Holding LLC.[4]

In February 2018, became co-president of Global Wealth Management of UBS Group AG and UBS AG alongside Martin Blessing.[4][18] Iqbal Khan succeeded Blessing, becoming Naratil’s co-president, on October 1, 2019.[19]

Interviewed by Bloomberg in late March 2020, Naratil observed that, during the COVID-19 pandemic, “The biggest difference between now and 2008 is that the banks are a source of strength rather than the source of the problem”.[20]

Memberships and directorships

Naratil is involved with several corporate and philanthropic boards. He is on the board of the American Swiss Foundation[9][21] and the board of consultors for the College of Nursing at Villanova University. He has also served on Villanova's Clearing House Supervisory Board.[9]

Writing and public speaking

Naratil has written for publications such as Business Insider[22] and The Hill on financial and economic matters.[23] He has also been interviewed by networks and newspapers such as CNBC,[24] Fox Business,[25] Reuters,[26] and Bloomberg TV.[27]

Personal life

Naratil and his wife Wendy[28] have five children, three of whom also work in the financial services industry,[29] and reside in New Jersey.[11] In 2013, Yale University accepted an endowment from Naratil and his wife to fund the Wendy U. and Thomas C. Naratil Pioneer Award, which supports "an investigation that is either highly inventive or close to a major breakthrough in advancing women’s health — where funding is needed to reach its aims."[28]

See also

References

  1. ^ "The Decade Ahead for Investors with Tom Naratil". UBS. Retrieved 23 May 2020.
  2. ^ a b c d e f g "UBS Appoints an American As Its Chief Financial Officer", The New York Times, Julia Werdigier, December 4, 2010
  3. ^ a b c d e "UBS Names New U.S. Brokerage Chief", Wall Street Journal, Michael Wurtshorn, November 3, 2015
  4. ^ a b c "CV Tom Naratil". Global topics. Retrieved 2019-01-27.
  5. ^ a b c "Naratil, Tom", Reuters
  6. ^ a b c d e "UBS will cut recruitment of US brokers by 40%", Wall Street Journal, Michael Wursthorn, June 9, 2016
  7. ^ a b c d e "UBS: New Boss, New Mission", Barron’s, Sonia Talati, September 17, 2016
  8. ^ a b c d e "New UBS Brokerage Head in U.S. Faces Challenges", Wall Street Journal, Michael Wursthorn, January 29, 2016
  9. ^ a b c d e f g h i j "Thomas Naratil", Bloomberg
  10. ^ "CV Tom Naratil". Global topics. Retrieved 2019-03-17.
  11. ^ a b About Us - Tom Naratil, UBS
  12. ^ "Corts, Cabcos and Other Bond-Like Mutants", The Street, Elizabeth Roy Stanton,October 1, 1999
  13. ^ Advertising: Introducing UBS PaineWebber, Post Merger. The New York Times, March 5, 2001
  14. ^ "After Two Steady Years, UBS Shuffles Managers", The New York Times, September 18, 2003
  15. ^ "UBS to grow investment bank", The Telegraph, November 3, 2015
  16. ^ "SigFig, an Automated Investment Firm, Will Team Up With UBS", The New York Times, Liz Moyer, May 16, 2016
  17. ^ "Morgan Stanley Joins Rivals in Curbing Broker Recruiting", The Wall Street Journal, Michael Wursthorn, May 23, 2017
  18. ^ "UBS wealth merger creates £1.7trn powerhouse". Wealth Manager. Retrieved 2019-01-27.
  19. ^ "Iqbal Khan receives $8.1m to join UBS". Financial Times. 28 February 2020. Retrieved 23 May 2020.
  20. ^ "Bank of America's Race to Avoid Public Shaming Underscores the Perils of the Crisis". The Washington Post. March 30, 2020. Archived from the original on March 28, 2020. Retrieved 23 May 2020.
  21. ^ Board of Directors, American Swiss Foundation, 2016
  22. ^ "$1 Trillion Wealth Manages: Invest in America now", Business Insider, Tom Naratil, February 12, 2017
  23. ^ "America needs more than public funds to solve its infrastructure problem", The Hill, Tom Naratil, April 11, 2017
  24. ^ "UBS Posts $1 Billion 1st-Quarter Profit", The New York Times, April 30, 2013
  25. ^ "Small Business Owners Optimistic About Investing, Hiring in 2017", Fox Business, Mathew Wisner, January 18, 2017
  26. ^ "UBS's head of U.S. wealth management bullish about growth", Reuters, Elizabeth Dilts, November 17, 2016
  27. ^ "Naratil Says UBS to Cut Costs Up to 2 Billion Francs", The Washington Post, Elena Logutenkova, July 26, 2011
  28. ^ a b "Women’s Health Research at Yale funds pilot projects on debilitating and lethal diseases", Nephrology, Daniel Jones, June 9, 2014
  29. ^ "Sustaining a vision" (PDF). Villanova Nursing: 14. Spring 2016.

Read other articles:

Gunilla Carlsson Menteri Kooperasi Pengembangan InternasionalMasa jabatan6 Oktober 2006 – 17 September 2013Perdana MenteriFredrik Reinfeldt PendahuluCarin JämtinPenggantiHillevi Engström Informasi pribadiLahir11 Mei 1963 (umur 60)Lund, SwediaPartai politikPartai ModeratSitus webSitus web resmiSitus web partaiSunting kotak info • L • B Anna Gunilla Carlsson (kelahiran 11 Mei 1963) adalah seorang politikus Swedia dan anggota Partai Moderat. Ia menjabat sebagai Mente…

Rappresentazione di un embrione animale. Sono indicati: Sacco vitellino (yolk sac), che fornisce il nutrimento necessario nelle prime fasi dello sviluppo. Occhi (Eye). Processo maxillare (Maxillary process), che darà origine al seno mascellare ed alla pre-maxilla. Arco mandibolare (Mandibular arch), che darà origine, tramite la sinfisi mandibolare, alla mandibola, al pavimento dello stomodeo e al palato secondario. Arco ioide (Hyoid arch), che darà origine, tramite fusione con l'arco mandibol…

Staf Khusus Presiden adalah lembaga non struktural yang dibentuk untuk memperlancar pelaksanaan tugas Presiden Republik Indonesia, di luar tugas-tugas yang sudah dicakup dalam susunan Kementerian dan instansi pemerintah lainnya. Berdasarkan Pasal 1 dan 2 Peraturan Presiden Nomor 17 tahun 2012 tentang Utusan Khusus Presiden, Staf Khusus Presiden dan Staf Khusus Wakil Presiden dan Peraturan Presiden Nomor 39 Tahun 2018 tentang Perubahan Kedua Atas Peraturan Presiden Nomor 17 tahun 2012 tentang Utu…

Artikel ini perlu diwikifikasi agar memenuhi standar kualitas Wikipedia. Anda dapat memberikan bantuan berupa penambahan pranala dalam, atau dengan merapikan tata letak dari artikel ini. Untuk keterangan lebih lanjut, klik [tampil] di bagian kanan. Mengganti markah HTML dengan markah wiki bila dimungkinkan. Tambahkan pranala wiki. Bila dirasa perlu, buatlah pautan ke artikel wiki lainnya dengan cara menambahkan [[ dan ]] pada kata yang bersangkutan (lihat WP:LINK untuk keterangan lebih lanjut). …

Teretorial HitsTerbaik karya TereDirilis25 Desember 2008GenrePopLabelAquarius MusikindoKronologi Tere Begitu Berharga (2005)Begitu Berharga2005 Teretorial Hits (2008) Teretorial Hits adalah album kompilasi dari penyanyi Indonesia Tere yang dirilis pada tahun 2008. Berisi 12 buah lagu yang terdiri atas beberapa lagu lawas dari album terdahulu. Lagu Tersenyumlah adalah lagu utama album ini.[1] Daftar lagu Tersenyumlah Tak Pernah Sengaja Kesepian Kita Sandiwara Yang Melelahkan Selebihny…

Untuk sebuah toko permainan video yang hampir mirip, lihat GameStop. GameSpotURLwww.gamespot.comTipeJurnalisme permainan videoRegistrationOpsional (gratis dan bayar)LangueInggris PemilikCBS InteractivePembuatPete DeemerVince BroadyJon EpsteinService entry1 Mei 1996[1]Lokasi kantor pusatSan Francisco NegaraAmerika Serikat Peringkat Alexa 633 (August 2012[update])[2] GameSpot adalah sebuah situs web permainan video yang menyajikan berita, tinjauan, pratinjau, unduhan, dan i…

English Astronomer Royal (1692-1762) For other people named James Bradley, see James Bradley (disambiguation). The ReverendJames BradleyFRSPortrait of Bradley by Thomas Hudson, c. 1744BornSeptember 1692Sherborne, Gloucestershire, EnglandDied13 July 1762(1762-07-13) (aged 69)Chalford, Gloucestershire, EnglandAlma materBalliol College, OxfordKnown forAberration of lightAstronomer RoyalAwardsCopley Medal (1748)Scientific careerFieldsAstronomyInstitutionsUniversity of OxfordAshm…

Ilyushin Il-16 (Cyrillic Ильюшин Ил-16) adalah pesawat-serangan darat Soviet lapis baja ringan dikembangkan pada akhir Perang Dunia II oleh desain biro Ilyushin. Tapi mesin terbukti cacat tidak mungkin untuk memperbaiki dan pengembangan lebih lanjut dibatalkan pada musim panas 1946. Karakteristik umum Kru: 2 Panjang: 11,2 m [3] (36 ft 9 in) Lebar sayap: 13,4 m [3] (43 ft 11 in) Tinggi: m (ft) Area sayap: 30 m² [3] (323 ft ²) Berat kosong: 4.135 kg (£ 9118) Berat L…

American medical comedy-drama television series ScrubsGenre Sitcom Comedy drama Medical drama Created byBill LawrenceStarring Zach Braff Sarah Chalke Donald Faison Neil Flynn Ken Jenkins John C. McGinley Judy Reyes Eliza Coupe Kerry Bishé Michael Mosley Dave Franco Narrated by Zach Braff Kerry Bishé (season 9) Theme music composer Chad Fischer Chris Link Tim Bright Opening theme Superman by Lazlo Bane (seasons 1–8) Superman by WAZ (season 9) ComposerJan StevensCountry of originUnited StatesO…

American politician Nancy Batson CrewsBorn(1920-02-01)February 1, 1920DiedJanuary 14, 2001(2001-01-14) (aged 80)SpousePaul Crews Nancy Batson Crews (1920-2001) was one of the original women to participate in the Women's Auxiliary Ferrying Squadron (WAFS) during World War II. Personal life Crews was born to Stephen and Ruth Batson in 1920 and she was one of four children.[1] Crews considered herself very fortunate to be born into an upper-middle-class family, as well as, parents that…

Peta wilayah yang termasuk dalam pembelian Gadsden. Pembelian Gadsden (dikenal dengan istilah bahasa Spanyol: Venta de La Mesilla di Meksiko, secara harfiah berarti Penjualan La Mesilla[1]) adalah pembelian wilayah seluas 76.800 km2 di Arizona selatan dan New Mexico barat daya. Amerika Serikat membeli wilayah ini dari Meksiko setelah duta besar AS untuk Meksiko James Gadsden menandatangani perjanjian pembelian pada 30 Desember 1853. Pada 25 April 1854, Senat Amerika Serikat mend…

This article is about Psalm 123 in Hebrew (Masoretic) numbering. For Psalm 123 in Greek Septuagint or Latin Vulgate numbering, see Psalm 124. Psalm 123Unto thee lift I up mine eyesSong of AscentsMiniature psaume 123, The Redeemer of Israel in the Très Riches Heures du Duc de Berry, David praying before an altar surrounded by four figures symbolising people in dangerOther name Psalm 122 (Vulgate) Ad te levavi oculos meos LanguageHebrew (original) Psalm 123← Psalm 122Psalm 124 →Book…

Questo è un elenco delle strade provinciali presenti sul territorio della provincia autonoma di Trento.[1] Indice 1 Da SP1 a SP50 2 Da SP51 a SP100 3 Da SP101 a SP150 4 Da SP151 a SP200 5 Da SP201 a SP250 6 Da SP251 a SP300 7 Collegamenti esterni Da SP1 a SP50 Numero Denominazione SP 1 del Lago di Caldonazzo SP 1 dir del Lago di Caldonazzo diramazione Bosentino SP 1 sv SS 47 del Lago di Caldonazzo svincolo SS 47 SP 1 sv SS 349 del Lago di Caldonazzo svincolo SS 349 SP 1 sv S.Cristoforo …

Vertebrate organ involved in metabolism This article is about the organ. For other uses, see Liver (disambiguation). LiverThe human liver is located in the upper right abdomenLocation of human liver (in red) shown on a male bodyDetailsPrecursorForegutSystemDigestive systemArteryHepatic arteryVeinHepatic vein and hepatic portal veinNerveCeliac ganglia and vagus nerve[1]IdentifiersLatinjecur, iecurGreekhepar (ἧπαρ)root hepat- (ἡπατ-)MeSHD008099TA98A05.8.01.001TA23023FMA7197Anatom…

Tunisian professional footballer Aymen Abdennour Abdennour playing for Valencia in 2015Personal informationDate of birth (1989-08-06) 6 August 1989 (age 34)Place of birth Sousse, TunisiaHeight 1.88 m (6 ft 2 in)Position(s) Centre backYouth career2007–2008 Étoile du SahelSenior career*Years Team Apps (Gls)2008–2011 Étoile du Sahel 33 (5)2010 → Werder Bremen (loan) 6 (0)2011–2014 Toulouse 77 (3)2014 → Monaco (loan) 6 (0)2014–2015 Monaco 18 (0)2015–2019 Valencia …

Dahi lalongkang pada rumah Bubungan Tinggi Wasaka di Banjarmasin Dahi lalongkang berupa ornamen geometris pada Rumah Gajah Manyusu di Kuin Utara, Banjarmasin Utara, Banjarmasin. Dahi lalongkang (lalungkang) adalah ventilasi jendela (Bahasa Jawa: tebeng jendela) pada rumah tradisional suku Banjar (rumah Banjar) di Kalimantan Selatan. Dahi Lalongkang biasanya berupa ornamen ukiran tumbuhan atau geometris. Daun lalongkang (daun jendela) biasanya terbuat dari bahan kayu dan ornaman kaca hias. Rujuka…

البطولات الوطنية الأمريكية 1939 رقم الفعالية 59  البلد الولايات المتحدة  التاريخ 1939  الرياضة كرة المضرب  البطولات الوطنية الأمريكية 1938  البطولات الوطنية الأمريكية 1940  تعديل مصدري - تعديل   يفتقر محتوى هذه المقالة إلى الاستشهاد بمصادر. فضلاً، ساهم في تطوير هذه …

مسيسيبي  علم شعار الشعار:(باللاتينية: Virtute et armis)‏ (7 فبراير 1894–)    الإحداثيات 33°N 90°W / 33°N 90°W / 33; -90   [1] تاريخ التأسيس 10 ديسمبر 1817  سبب التسمية نهر المسيسيبي  تقسيم إداري  البلد الولايات المتحدة[2][3]  التقسيم الأعلى الولايات المتحد…

Type of sports prototype race car A group of cars at the Spa-Francorchamps, featuring four Hypercar manufacturers A Le Mans Hypercar (LMH) is a type of sports prototype race car that competes alongside LMDh entries in the Hypercar class of the FIA World Endurance Championship. It will also compete in the Grand Touring Prototype (GTP) class of the IMSA SportsCar Championship from 2023.[1] The Le Mans Hypercar regulations were created jointly by the Automobile Club de l'Ouest (ACO) and the…

Suburb of south-east London For the South African town, see Penge, Limpopo. Human settlement in EnglandPengeCongregational Church, PengePengeLocation within Greater LondonOS grid referenceTQ345705• Charing Cross7.1 mi (11.4 km) NNWLondon boroughBromleyCeremonial countyGreater LondonRegionLondonCountryEnglandSovereign stateUnited KingdomPost townLONDONPostcode districtSE20Dialling code020PoliceMetropolitanFireLondonAmbulanceLondon UK P…

Kembali kehalaman sebelumnya