UBS Group AG (UBSG.S) aims to retain more than 100 Credit Suisse Group AG (CSGN.S) investment bankers in Asia, Bloomberg News reported on Sunday.
According to sources, the bank is in early talks to retain dozens of Credit Suisse’s top dealmakers in South Korea, Thailand, Vietnam, and India after a planned purchase.
Bloomberg reported that Switzerland’s top bank’s retention goal of over 100 bankers excluded China. The story reported talking to a few Chinese lenders, but officials will decide the final sum.
Credit Suisse and UBS did not respond.
Last month, Reuters reported that hundreds of Credit Suisse employees are leaving each week due to uncertainty about its purchase by its larger rival.
After the takeover, UBS CEO Sergio Ermotti warned of severe job losses on Friday.
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