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 markets. The new hires, consisting of managing directors, will join UBS’s global banking and markets team in the US, Europe, and Asia. This move demonstrates UBS’s ability to attract top talent from its rival, even amidst an exodus of senior bankers to other firms.

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Information	Details
Geography	Europe
Countries
Sentiment	neutral
Relevance Score	1
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Companies	UBS, Credit Suisse
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