UBS Financial Services Group announced Tuesday that Mitchell Hutchins
The Switzerland-based UBS AG purchased PaineWebber in July.
Mitchell Hutchins will be renamed Brinson Advisors Inc., but will not
David P. Walker, a spokesman for UBS, said the move will constitute
The new Brinson Advisors will continue focusing on municipal securities
In July, Ebby Gerry, a managing director of municipal investments at
Last fall, PaineWebber decided to outsource the management on 19 of its
-- Jacob Fine
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
