New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed
EFinancialcareers:
“One week ago, UBS ranked 22nd for US M&A deals measured in terms of fees generated according to Dealogic figures. The Swiss bank ranked well behind the likes of Houlihan Lokey (10th) and Barclays (9th). Five years ago, UBS and Credit Suisse in combination ranked 4th in the US M&A market in the first half of the year. Even after the chaos of the merger, the combined banks ranked 14th in the first half of 2023. The slide has therefore been dramatic.”
“UBS hired over 25 senior bakers from Barclays after acquiring Credit Suisse. Some Credit Suisse bankers were unhappy with this and have complained ever since that that the Barclays bankers were a bad idea. Now that their allegedly large guaranteed bonuses have expired, the Barclays hires are likely to move on.”
Congrats on UBS!
Time to name names 🔥🚮
Just google filter 2023-2024 and “UBS bank hires” “investment banker”
You’ll easily be able to find the articles and 99% of these MDs were trash, and I’m still searching for the 1% who weren’t trash
Counting down the days till I leave
Leaving UBS was legitimately the best day of my life
Good riddance, don’t let the door hit you on the way out!
They thought they could go up market as the bigger banks were starting to go down market. The result is they lost prestigious bake-offs and neglected their historical core mid market revenue stream.
Barclays homies thought their massive guarantees meant they now worked at Goldman and could do deals like Goldman.
Turns out they were no more than overpaid used car salesmen with a laundry list of evolving excuses.
Marco should resign in shame
Rip Credit Suisse, and they were always better than UBS
They weren’t better at risk management…
At least analysts are working 5 days in office! That will turn things around
Analysts are incompetent and lazy
Only international bootlickers who need H1Bs go to UBS!
UBS use to think they’d be #6 by now.
What a bunch of morons
Looks like they’ve dropped to #31 now on the latest league tables
Preforma UBS and Preforma CS were each individually better than proforma UBS.
How is that even possible?
Dumb internal politics and fighting (CS, UBS, ex-Barclays) meant the PF bank bled the best people from each of their respective groups going in.
In my group, the best MDs (and EDs, Ds, Asos) etc all went elsewhere and only the duds are still left at the bank.
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