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The team, led by three experienced industry players, will work out of the Philadelphia office the Swiss banking giant opened in August.

Naratil sees the new CEO as the right person to deliver on integration with Credit Suisse.

FINRA booted Scott Reed from the industry after he went outside his firm to raise money for a software and web development firm.

The Wall Street giant's private bank contends it had advised the plaintiffs against concentrating their money in risky investments.

Citigroup will pay almost $2 million to settle SEC allegation that two of the bank's brokerages recommended trades to customers without appropriately mailing disclosures to them.

The former employee is accused of shuffling information to two friends.

It's the latest instance of a wealth management group leaving the Swiss banking giant.

The move comes amid the banking giant's push to increase its headcount of advisors working with ultrahigh net worth clients.

A former mentor who already made the move to Janney Montgomery Scott says the Market Street Advisors group will find both freedom and support.

UBS Group CEO Sergio Ermotti said the bank will give investors an outline of its growth strategy early next year and signaled the direction of plans to grow in the U.S., as the lender moves forward with its merger with Credit Suisse.