UBS

The venture fund comes just months after UBS named ING's Ralph Hamers, an outspoken champion of digital banking as its next CEO.

The wirehouse, which has reduced recruiting efforts, enticed the team over from AllianceBernstein.

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

Production companies claim fraudsters bilked them out of $3.5 million under the bank's watch.

The firm’s diminished ranks are a sign of huge changes in the wirehouse world since the financial crisis ended.

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

New chief product officer Michael Korcuska’s resume includes Weight Watchers and LinkedIn instead of finance or technology.

“The world has become more digital, less global and more local,” says Amy Lo, co-head of the firm’s Asia Pacific wealth division.

Equities have rallied more than 20% from March lows, but remain well below 2020 highs.

The firm's wealth management unit saw new demand for credit, according to CEO Sergio Ermotti.

All travel requests need special approval and existing international travel plans would need re-approval, according to a company memo.

The choice surprised analysts, investors and even insiders because of his limited experience in wealth management and investment banking.

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

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.

The regional broker-dealer has long been among the industry’s most aggressive recruiters.

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

A new platform from the World Wide Fund for Nature aims to provide a foundation for ESG-conscious investors and a list of best-practice providers.

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.

The wirehouse boosted profitability even as advisor headcount dropped.