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UBS' head of wealth management to retire

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Bob Mulholland, a long-time industry veteran who played a key role in reviving UBS AG's money-losing U.S. brokerage after 2009, is retiring, according to a memo distributed to the firm's 7,000 advisers on Tuesday. Mr. Mulholland, 63, was second-in-command at UBS Group Americas and as head of the wealth management…

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