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Tom Naratil

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Tom Naratil

Thomas C. Naratil (born 1961) is an American business executive in the financial industry. After serving as president of both UBS Wealth Management Americas and UBS Americas since early 2016, Naratil was appointed CEO of UBS Americas Holding LLC and became co-president of Global Wealth Management of UBS Group AG and UBS AG in early 2018.

Naratil started his career in finance in 1983 when he joined the brokerage firm Paine Webber Jackson & Curtis. The Swiss bank UBS acquired PaineWebber in 2000 and Naratil would hold various senior management positions at UBS Group, including chief financial officer (CFO) and chief operating officer (COO) from 2014 to 2015. Naratil succeeded Robert McCann as president of both UBS Wealth Management Americas and UBS Americas. In 2016, Naratil led a reorganization that involved cutting recruitment of US advisors and thinning management ranks, while also increasing compensation for UBS advisors.

He is on the boards of organizations such as the American Swiss Foundation and College of Nursing at Villanova University, and has served on its Clearing House Supervisory Board.

Thomas C. Naratil was born in 1961 in the United States. After earning a Bachelor of Arts degree in history from Yale University in 1983, he earned a Master of Business Administration degree in economics from New York University's Stern School of Business in 1990. Naratil served in the United States Army Reserve for six years.

In July 1983 Naratil joined the American brokerage firm Paine Webber Jackson & Curtis through its corporate intern program. He became a trading assistant in the firm’s taxed fixed income (TFI) unit in January 1985, and the unit later appointed him manager of risk, origination, sales, and marketing. From 1987 to 1993 Naratil co-managed the TFI unit’s government and federal agency trading desk, and in 1994 he became PaineWebber's TFI director. The Swiss bank UBS acquired PaineWebber in 2000, renaming it UBS PaineWebber in 2001. Initially appointed director of UBS PaineWebber’s investment products group, in 2002 the division appointed him director of its transactions products group and director of banking and transactional solutions. In 2003 UBS PaineWebber was renamed UBS Wealth Management USA.

UBS selected Naratil as its global head of market strategy and development in 2005. In that role, he was responsible for "the sales, marketing and trading of all taxable debt, convertible securities and preferred stock" of UBS. In 2007 he was named UBS's global head of marketing, segment and client development. During the 2008 financial crisis, he served as head of UBS’s Auction Rate Securities Solutions Group.

In 2009 Naratil was appointed chief financial officer (CFO) and chief risk officer (CRO) of UBS Wealth Management Americas, a role he held until 2011. In May 2011 he began serving as UBS’s global CFO, moving from the United States to Zurich, Switzerland to succeed John Cryan as both CFO and a member of UBS's Group Executive Board, which Naratil joined on June 1, 2011. On January 1, 2014, he was named UBS’s chief operating officer (COO) in addition to his CFO responsibilities. He retained both his COO and CFO roles until the end of 2015.

Naratil succeeded Robert McCann as president of both UBS Wealth Management Americas and UBS Americas on January 1, 2016, tasked by UBS executives with "extending the brokerage’s profit beyond roughly $1 billion annually." The Wall Street Journal wrote that Naratil was expected to continue the unit’s focus on "primarily serving clients who have millions of dollars to invest." In May 2016 Naratil created an alliance with the financial technology company SigFig to create fintech products for UBS, among them a digital platform to support his financial advisors.

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