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UBS Investment Bank: Termination wave swings to Asia

The restructuring of the UBS Investment Bank also costs in Asia Jobs. At the same time, Grossbank values ​​its Hong Kong location.

In the ongoing restructuring of your investment bank, UBS has Greg Peirce appointed global head of the M&A business. The highly-banked banker is out to link this to Hong Kong, which is the Bloomberg news agency (Article payable) berichtete.

It is a novelty that UBS runs its global M&A business from Asia. But even so, the Jobs restructuring was sacrificed. In total, there should be more than 40 positions, said "Bloomberg", which should be above all the vice president or affected president. These figure cuts should be enforced in both Hong Kong and Singapore as well as Tokyo and Sidney. "Reuters" reportedly hung out of 30 positions, which should be affected.


As reported, UBS puts together its shares in the other trading business of fixed assets and currencies and has named these new Global Markets. The capital market and consulting business is called Global Banking.

The respective leadership has one side George Athanasopoulos und Jason Barron inside anyway Javier Oficialdegui und Praise L'Esperance.

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