UBS Wealth Management Americas has boosted their equity plan advisory services group with the hiring of Paul Allen as head of corporate business development.

Allen, with 30 years of experience in the equity industry, has been a consultant for UBS for the past year and previously held executive positions at firms such as Merrill Lynch and Smith Barney.

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Michael Barry, head of UBS equity plan advisory services, said: "We are pleased that Paul has officially joined UBS. Paul is a recognised leader with unparalleled experience in the equity compensation plan business and will play a key role in the continued evolution of our business."