Make that great brokers. Gods among mere mortal brokers. Heroes whose insight and sheer animal magnetism makes rich people simply throw money at them. For only when Sergio Ermotti has found these giants shall UBS achieve its goals of tripling its more lucrative wealth-management assets and humbling its rivals.
UBS has five "dominant super-teams" - with 60 to 70 employees comprising up to 20 brokers as well as investment analysts and specialists in areas such as retirement and estate planning. Each team has discretion to invest more than $1 billion of client assets. Within five years, UBS wants 100 such super-teams, Hatch said.