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Former Merrill Exec May Head UBS Americas: Sources

Bob McCann, who ran Merrill Lynch's brokerage divison before it was bought out by Bank of America, may take the place of Robert Wolf as head of UBS Americas, according to sources within UBS.

McCann was already gunning for the top position in UBS's wealth management unit, but sources say he is now being considered for control of the entire UBS Americas branch.

McCann faced Bank of America in court last week, arguing against the bank's claim that he is not allowed to be hired by a competitor as part of his severance agreement.

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