UBS rejigs investment bank in bid to better compete with Wall Street

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland, March 20, 2023. REUTERS/Denis Balibouse/File Photoannounced an overhaul of its investment banking division on Monday, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse.

UBS is hiring top bankers from competitors as well as promoting staff from within its ranks and Credit Suisse as part of the shake-up, which will also lead to hundreds leaving. Christian Lesueur, who was Global Head of TMT Investment Banking at UBS, has been promoted to Global Co-Head of Coverage and will continue to oversee technology, media and telecoms, which will now be split into two groups.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rivian earnings: Wall Street eyes $1 billion in Q2 revenue for EV makerWall Street is looking for Rivian to hit $1 billion in quarterly revenue and keep a lid on costs.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks open higher as Wall Street comes off its worst week since MarchU.S. stock indexes opened higher on Monday morning after the S&P 500 and Nasdaq Composite closed out their worst weekly performance since March. Investors’...
Source: MarketWatch - 🏆 3. / 97 Read more »