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 […]
LGT, a wealth management company, has successfully acquired Abrdn’s discretionary fund management business in the UK and Jersey. The deal, valued at £140m, was announced in February and has now been finalized. As a result of this acquisition, LGT Wealth Management, the UK-based wealth arm of LGT, will take on Abrdn Capital’s 4,000 clients and […]
The leadership of UBS is facing increasing scrutiny and pressure following the forced takeover of Credit Suisse. This has led to a divisive mentality of “us versus them,” as noted by Samuel Gerber. Sergio Ermotti, the CEO of UBS, has been repeatedly questioned about the success of the takeover and the fate of Credit Suisse […]
Julius Bär, a Swiss private bank, has experienced a downgrade in its rating due to hundreds of millions of loans to Benko. This downgrade directly impacts the bank’s profitability as it will have to pay more for borrowing money.The question of who is to blame for this situation has gained momentum. Bloomberg has pointed out […]
Nach seinem Rücktritt von der Credit Suisse bleibt der ehemalige Präsident António Horta-Osório in der Welt der Hochfinanz aktiv. Er hat sich mit der US-Investmentbank Warburg Pincus zusammengetan, um ein Gebot von mehr als 6 Milliarden Euro für die portugiesischen Telekommunikationsaktivitäten von Altice abzugeben. Horta-Osório war zuvor bei der britischen Bankengruppe Lloyds Banking tätig und […]
The CEO of UBS, Sergio Ermotti, believes that the new UBS is currently misunderstood but ultimately a positive force. He is a fan of science fiction and is in top rhetorical form as the year comes to an end.Ermotti is unwavering in his belief that the Swiss financial market needs an even larger bank in […]
