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UBS Starts Cutting Asia Private Banking Jobs – Report
Editorial Staff
15 March 2024
as part of the integration after the takeover by UBS. The Zurich-listed lender has been melding together teams since the “shotgun” wedding with its smaller rival last year – a process that raised prospects of reductions. UBS reported a fall in fourth-quarter operating profit for 2023 from a year ago. Losses stemmed from investment into SIX Group and the integration costs involved in buying Credit Suisse.
WBA regularly notes when former Credit Suisse senior bankers have been hired by other banks across APAC. Take this case of a former Credit Suisse figure joining Bank of Singapore, as announced a few days ago, for example.