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UBS may have 1,200 pvt bankers in Asia as region spared cuts
Mint Mumbai
|June 15, 2023
UBS Group AG initially plans to take on the bulk of Credit Suisse private bankers in Asia Pacific, bringing the total headcount to over 1,200 in one of the few regional business divisions spared from deep cuts
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The move is being driven by global wealth chief Iqbal Khan, who is betting Asia will continue to generate lucrative clients, according to people familiar with the matter. The integration will give UBS more relationship managers in the region than its closest rivals DBS Group Holdings Ltd. and HSBC Holdings Plc combined.
This story is from the June 15, 2023 edition of Mint Mumbai.
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