UBS Wealth Management

The advisors had generated $20 million in production at Goldman Sachs, according to their new employer.

Three years after leaving the Broker Protocol, the firm continues to selectively hire.

CEO Sergio Ermotti has struggled to meet key financial targets and he cut his goals again in January, the third time in three years that he’s had to reset ambitions.

The firm, like many of its European peers, has dialed back its ambitions amid negative interest rates and muted client activity.

Phone apps are being embraced by wealth managers as one of the quickest ways to communicate with end clients, leading to recent upgrades in look, feel and capability.

One of the new hires oversees more than $300 million in client assets and has more than 30 years in the business.

The firm is building the top ranks of the investment bank even as it removes managing directors from its key wealth management business as part of a broad overhaul instigated by new co-head Iqbal Khan.