As UBS continues to restructure investment banking, it's decided to retain 20 Credit Suisse bankers in Europe.
In global banking, the business with corporate advisory and capital market transactions, UBS already hired some former Credit Suisse employees for important positions, as reported by finews.com.
Now some 20 additional investment bankers are making the move to UBS, according to a «Financial News» (behind paywall) report citing sources. Among the dealmakers are financial sector specialists.
European Financial Sector Specialists
Julien Lamm for example, co-head of consulting for financial institutions in Europe, the Middle East, and Africa (Emea) at Credit Suisse, with insurance specialist Kristian Triggle also joining. Thomas Vignon, responsible for private market investors in Emea at Credit Suisse is another.
Other Credit Suisse bankers named were Fabien Antignac from leveraged finance, Marc Schmidt, co-head of coverage for technology, media, and telecoms firms in Emea, and Orazio Tarda, global co-head of fintech at the acquired bank.
According to Financial News, discussions are ongoing between UBS and Credit Suisse and more moves are likely to be announced in the coming weeks.
UBS announced three rounds of job cuts, with the first coming in July and further rounds expected in September and October.
