UBS Hires McCann To Fix Brokerage Unit.

The article reports on the decision of UBS AG to hire former Merrill Lynch & Co. executive Robert McCann as the head of its U.S. brokerage unit. McCann, who promised to return the unit to profitability and repair its image, eliminates the use of big signing bonuses to improve the operations of the firm in the nation. McCann considers reversing the damage caused by the financial crisis and tax evasion scandal as one of the challenges that he will face as the unit's head.