Tag: UBS

It is a year since the government and regulators forced UBS to rescue Credit Suisse. The recent news of job cuts in Asia makes it very clear what could be just around the corner for the domestic financial hubs. UBS is cutting about 70 jobs in Asia, according to various media reports on Thursday. Most […]

The dust has settled since Switzerland’s largest bank announced it would completely integrate all of Credit Suisse. The third quarter is likely to slip by far more quietly even though it still faces stiff challenges. The usual UBS earnings figures are expected to be in the spotlight on November 7. Revenues, inflows of new money, […]

The reorganization of UBS investment banking is proceeding. It’s eliminated some duplicate US staffing, but the big cutback is looming. According to a Bloomberg report, UBS has eliminated about a dozen investment banking jobs in the US in connection with the integration of Credit Suisse. The bank declined to comment to the news outlet on […]

The upcoming Formula 1 race in Singapore is the ultimate rendezvous for Asian high finance. This year things are different as a brazen money laundering scandal is dampening the mood. When employees of Credit Suisse in Singapore arrived at work on Monday, they found the Credit Suisse logo at the entrance to its headquarters on […]

Marcel Roca worked in human resources at Credit Suisse for nearly half a century, bringing in big banking names. Now he works for Iqbal Khan’s asset management unit at UBS. Marcel Roca (pictured below) has taken on a new role in UBS’ Global Wealth Management (GWM) business headed by former Credit Suisse banker Iqbal Khan, finews.com research reveals. Roca will […]

The bank has made further personnel decisions as it reshuffles staff following its takeover of Credit Suisse. UBS has made another round of personnel decisions, appointing Patrick Grob as head of Global Wealth Management Unified Global Markets in the process, according to an internal memo. The global markets team also reportedly includes Brent Johnson (head of execution services), Dushyant Chadha (head […]

In a regulatory filing with the SEC, UBS said it expects to wrap up its agreement with the Swiss government over loss guarantees as part of its government-orchestrated takeover of Credit Suisse. When UBS agreed to take over troubled Credit Suisse at the behest of the Swiss government, part of the deal was for the […]