UBS Group has cut senior bankers as the financial giant reduces headcount following last year's takeover of its troubled rival Credit Suisse, according to insiders.
The Zurich-based firm made several cuts last week.
Other bankers to depart included Jasper Tans, vice chairman of Global Banking EMEA, who told the bank he intends to step down in the first quarter after more than a decade at the lender, according to a memo.
UBS staff numbers jumped to about 120,000 when the Credit Suisse deal closed in June, and the bank has said it aims to save around US$6 billion (HK$46.8 billion) in staff costs in the coming years.
Chief executive Sergio Ermotti later confirmed plans to slash about 3,000 jobs in Switzerland alone. He hasn't detailed cuts elsewhere.
Bankers leaving include
Ryan Lund, global head of technology banking; John Jansen, head of tech mergers and acquisitions; Abzal Ayubeally, head of insurance; Joseph Lombardo, head of health-care equity capital markets; Sinclair Ridley-Thomas, head of technology, media and telecoms private placements; Saqib Rabbani, head of Americas transportation and logistics; Ken Kloner, vice chairman.
