UBS, the Swiss investment bank, has seen a significant turnaround in its M&A division. After a challenging period last year, where revenues were down 58%, the bank has managed to rescue Credit Suisse’s M&A bankers and achieve a 40% increase in M&A revenues in the third quarter of this year. However, this success comes amidst […]
UBS, the Swiss bank, is facing the challenge of integrating Credit Suisse after its $3.25bn acquisition. While UBS has spent $500m on retention bonuses to keep key employees from Credit Suisse, it has also laid off around 13,000 employees. Additionally, many employees have left for rival firms, often with the approval of their former employer. […]
UBS has made a significant move to strengthen its investment banking division by hiring around 200 senior bankers from Credit Suisse. This comes after the Swiss government’s approval of a $3.25 billion deal between the two banks earlier this year. Despite plans to cut jobs, UBS is determined to accelerate its growth plans in key […]
Robey Warshaw, the investment banking boutique known for its expertise in advising FTSE 100 firms on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies House, the boutique paid its four key partners a total of £28m in the year ending March 2023. This is a slight […]
UBS, the Swiss bank, has announced the formation of a new team called the executive client group. This team, consisting of nine top dealmakers, will be led by Ros L’Esperance, the former global co-head of investment banking at UBS. The purpose of this team is to focus on providing strategic engagement to UBS’s most important […]
UBS has formed a new unit called the Executive Client Group, which consists of nine top bankers from the merged bank. Led by Ros L’Esperance, the team will manage key corporate clients globally and directly negotiate with company heads. This elite unit will report to Rob Karofsky, the head of UBS investment banking, who is […]
UBS executives are seizing an opportunity to revive their U.S. investment-banking business, which has fallen behind its competitors. The takeover of local rival Credit Suisse and the challenges faced by other global peers have created a favorable environment for UBS to rebuild its lagging business. To capitalize on this, UBS has embarked on a hiring […]
The Horizon project, created by Brazilian duo Raffaela Loffredo and Barba, has been recognized as one of the winners of the Chainlink Constellation Hackathon’s ‘High Quality’ award. This innovative project operates as a consortium platform on the blockchain, allowing users to deposit values into a pool and participate in monthly adjudication rounds. The selection of […]
Geneva-based private bank Bordier & Cie has partnered with crypto lender Sygnum to offer digital asset services in Singapore. Through this collaboration, Bordier will be able to utilize Sygnum’s institutional-grade custody, risk management, and off-balance sheet digital assets. This move demonstrates Bordier’s commitment to innovation and meeting the demand for alternative investments in digital assets.Sygnum, […]
Sygnum, a digital-asset bank, stands out from its competitors due to its core values and approach to regulation. The founders firmly believed that cryptocurrencies and digital assets were not temporary trends but rather indicators of a larger digital revolution.Unlike many others in the industry who resisted regulation, Sygnum recognized the necessity of regulatory oversight to […]
