UBS to start Credit Suisse Asia investment banking job cuts in July -sources

HONG KONG : UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.

In the Asia Pacific region, there will be significant reduction in Credit Suisse investment bankers covering Australia and China, where the two banks overlap most, two of the sources said. Most of the Credit Suisse technology, media and telecoms team's investment bankers will be retained, the three sources said, with one adding that dealmakers covering non-China financial institutions are also likely to be retained.

Reuters this month reported that UBS was looking to retain more than 100 Credit Suisse investment bankers in Asia and was in advanced discussions to keep dozens of senior dealmakers in countries including South Korea, Thailand, Vietnam and India.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Southeast Asia, private equity deals seen underpinning Asia M&A in tough marketHONG KONG : Dealmaking in Southeast Asia and private equity transactions should help lift Asian mergers and acquisitions (M&A) activity in the second half of the year, bankers said, after deals volume in the first half slumped to the lowest in a decade.Total Asia M&A value for January through June dropped
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »