UBS intends to ultimately reduce the total combined headcount by about 30 per cent, or 35,000 people, two of the people said. That’s broadly in line with an overall reduction of around 30,000 estimated by analysts at Redburn in a report on UBS this month.A spokesperson for UBS declined to comment on the job exits.
UBS chief executive Sergio Ermotti said that the integration was going “very well,” at an event in Zurich on Tuesday. UBS is hoping to retain the majority of Credit Suisse’s private bankers, though many have already left, two of the people said. In Asia Pacific, UBS is planning to keep a few hundred Credit Suisse private bankers, bringing its total to more than 1,200, people familiar told Bloomberg earlier this month.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regtech firm MCO makes third acquisition as it snaps up FairwordsCompany is on the acquisition trail after securing $50 million in debt financing from Accel-KKR Credit Partners last year
Source: businessposthq - 🏆 8. / 71 Read more »
Regtech firm MCO makes third acquisition as it snaps up FairwordsCompany is on the acquisition trail after securing $50 million in debt financing from Accel-KKR Credit Partners last year
Source: businessposthq - 🏆 8. / 71 Read more »