UBS - UBS Slashes 70% Of Credit Suisse's HK Research Staff Post-Integration: Report | Benzinga
UBS Group AG (NYSE: UBS) has reportedly terminated around 70% of the Hong Kong-based staff headcount at Credit Suisse's securities research unit soon after the two Swiss banking giants moved ahead with the integration of operations.
More than 15 equity researchers were informed earlier this week about the dismissals in Hong Kong, Reuters reported, citing two sources with direct knowledge of the matter.
As of now, less than ten researchers focusing on Hong Kong and China equities will join the UBS team, the report read.
On September ...