COMPANIES UBS is close to hiring former Merrill Lynch executive Bob McCann as the Swiss bank tries to draw a line under the damaging tax evasion dispute with the US that has prompted clients to pull billions of dollars out of its private banking business.
The bank’s courtship of Mr McCann that started in June accelerated after last week’s agreement between the Swiss and US governments over US authorities’ demands that UBS hand over the names of thousands of US residents suspected of sheltering money abroad.
