People News: UBS, Bank of America.

UBS named Brian Hull as chief of its client-advisory group in the Americas as Robert Mulholland departs.

Bloomberg News reports that Hull, 55, heads a unit that oversees about 7,000 financial advisers in the U.S., Canada and Puerto Rico, effective immediately, according to a memo from Robert McCann, president of the Americas unit.

Mulholland decided to step down after 36 years in the industry, according to the memo, which was confirmed by Gregg Rosenberg, a company spokesman.

In the meantime, the New York Times reports that Bank of America has hired Chris Cormier, a specialist in helping companies in the technology, media and telecommunications sectors go public, as a managing director, the firm announced on Monday in an internal memorandum.

Cormier, who will be based in New York and will start in August, joined the bank from Deutsche Bank, where he was most recently the head of technology equity capital markets for the Americas, according to the memo, which was reviewed by DealBook.

UBS Names Hull to Run U.S. Client Advisory as Mulholland Leaves

Bank of America Hires Technology Banker Chris Cormier

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