UBS Wealth Management

The firm is embracing a playbook beloved by hedge funds: a slew of options trades.

The new hires came at the expense of Merrill Lynch, Morgan Stanley, UBS and Hilliard Lyons.

The following 17 teams oversaw about $75 billion in assets. The firms ending the year with prize recruits include a diverse cast: regional BDs, wirehouses, boutiques and RIAs.

A major Times Square development has secured more than $780 million in new equity, including about $400 million from UBS’s ultrahigh-net-worth and family office clients.

It’s another high-profile addition for the firm led by ex-Morgan Stanley executive Greg Fleming.

Jason Chandler will oversee the firm’s roughly 6,900 advisors.

The firm is changing course in response to a shifting regulatory landscape and advisor feedback.

Competitive pressures from the industry’s smaller players are changing the wirehouse playbook.

Building scale has become a key topic for asset managers across Europe amid sustained pressure from larger U.S. rivals.

Sergio Ermotti is under pressure to show investors how the bank can reap greater profits from a merger of its two wealth management businesses.