UBS

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.

The 17-member team is one of the largest to switch employers in recent years.