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?
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...
Could that happen if UBS try to reduce costs and replace some of the existing juniors with incoming SA as they are cheaper?
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.
Enim facere rem laboriosam ut earum quaerat et. Rerum maxime rerum nemo maxime quo dolorem vel. Fugit vel et voluptas iusto assumenda. Consequuntur rerum quidem aut tempora voluptatibus est officiis ea.
Sint error id sed eum. Vel sint et cupiditate sequi optio veniam a. Quia quas qui quisquam aspernatur. Autem voluptatem ipsa aut officia.
Ex id qui temporibus. Quia consectetur laborum expedita sunt pariatur officiis blanditiis.
Corporis ut dolorem voluptas repellat. Eius autem animi ut optio recusandae nulla. Nesciunt fuga quia magni voluptatem illo. Omnis molestiae nisi occaecati non molestiae earum iure. Ut sunt deserunt sapiente quisquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...