UBS announced Tuesday it hired Jerry Pascucci as head of alternative investments.

Pascucci, who will report to Mike Perry, the head of the wealth management advice platform, is set to start his new position on Sept. 7. He will be responsible for the strategic direction and management of the firm’s alternative investments business. Additionally, he will lead its efforts to expand and enhance this division’s asset class within client portfolios while growing the total revenues and assets of this business, according to an internal memo from the company.

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