UBS Global Asset Management
is looking for a third party sales chief. On Monday Virtus Investment Partners
revealed that Jeffrey Cerutti
, formerly managing director and head of third party sales at UBS GAM, will join Virtus on June 1 as head of retail distribution.
has learned that UBS is on the prowl for a successor to Cerutti. The job would include responsibility for the firm's mutual funds retail distribution.
"There is a search, but nobody has been named yet," a UBS spokesman confirmed to The MFWire
In his post at UBS, Cerutti had led retail channel distribution of mutual funds, separately managed accounts and alternative investments. He first joined the asset manager in 2001.
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