UBS Wealth Management

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“We see optimism, but a guarded optimism,” says Mike Ryan, Americas chief investment officer at UBS Global Wealth Management.

The list includes the biggest wirehouse breakaway team in the past five years.

The changes follow a challenging first quarter for the firm’s wealth management operations.

The firm said earlier this year that it would deepen cost cuts.

For one of the new hires, the move was about getting back to “a culture of a smaller, more personalized firm.”

The move will merge capital-markets teams across wealth management and the investment bank in the U.S.

On Wall Street analyzes starting payouts at leading wealth management firms.

On Wall Street presents its annual analysis of base pay at wirehouse, regional and national broker-dealers.

The firm’s latest hires come at the expense of Oppenheimer & Co. and UBS.