UBS Global Wealth Management US has appointed Jeff Miller as a financial advisor in its Bellevue, Washington office, expanding its Pacific Northwest footprint under Market Executive Robert Giordano. Miller brings more than 18 years of experience advising high-net-worth families, entrepreneurs and corporate executives from his previous role at Morgan Stanley in nearby Kirkland. He will lead The Miller Group, supported by Registered Client Associate Diana Mendoza (15 years’ industry experience), Client Relationship Manager Kelley Miller and incoming Wealth Strategy Associate Laura Besaw, who joined UBS in 2022 and has a decade of financial services expertise. UBS Market Director Cy Aleman noted Miller’s client-first approach and disciplined, goal-based advice model align with the firm’s commitment to personalized solutions backed by global resources. This hire follows UBS’s strategy of reinforcing local advisory teams to better serve affluent clientele across more than 50 markets worldwide.

UBS has taken a significant step toward obtaining a US national bank charter for its domestic franchise, receiving conditional approval from the Office of the Comptroller of the Currency (OCC) on Thursday. The approval paves the way for UBS to consolidate deposit-taking and lending activities under a single charter, enhancing operational efficiency and regulatory oversight. If final conditions are met—expected by mid-2026—UBS will join a select group of foreign institutions with full US banking powers, enabling it to offer insured deposit products and tap into the Federal Reserve’s discount window. The move comes as UBS manages $6.9 trillion in invested assets globally (as of Q3 2025) and seeks to deepen its universal banking model in the world’s largest wealth management market.