UBS to Retain CS Asia Bankers

Read from the news that UBS intends to retain over 100 APAC dealmakers, including APAC TMT head based in HongKong and various country head in Korea and SEA.

Any idea on how this may impact juniors and summer analysts in HongKong? Any chances juniors in TMT move to UBS with their head? Will return offers being extended more in any specific regions or groups?

Source: https://www.bloomberg.com/news/articles/2023-06-0…

 

All I do know is that the APAC TMT head is a huge rainmaker with close ties to Alibaba and the like. And if they do bring in heads, they'll need juniors to do their grunt work as well. I'm certainly not too worried about juniors, but summer analysts are a different story...

 

Dont think you should be worried about workforce reduction. Their allocated capital for IB will be the same, however given the merger the absolute value of the allocated capital will also increase which increases headcount substantially too, unless the allocated for CS was much bigger it’s a trivial thought to worry about that no one knows yet how it exactly pans out.

 

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