2023-07-04 18:30:00
The private bankers of Swiss credit should dust off their resumes for the selection of new managers following the acquisition by UBS Group AG.
The next level of leadership changes, scheduled for mid-July, will usher in a series of appointments to lower-ranking positions at the global wealth management, according to an internal memo. Employees who wish to be considered for these positions must update your career aspirations and their willingness to move before July 13, according to the document.
Despite the rate cut, the EM carry trade will continue to pay off
“Before the selection process and when the two organizations come together, it is important that we are all as well prepared as possible, showcasing our latest experience and capabilities,” Yves-Alain Sommerhalder, Credit Suisse’s head of wealth management, said in the memo. and Lars van den Bosch, the division’s head of human resources.
A Credit Suisse spokesman declined to comment..
Why the brief is positive for Credit Suisse workers
The memo is unusually good news for employees of Swiss credit, many of whom are preparing to lose their jobs following the bank’s bailout, especially at the investment bank. Wealth bankers have been a notable exception, as UBS tries to retain many of them along with the client relationships they oversee, particularly in Asia.
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