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UBS Aims for Higher Market Share in Trading, Bilanz Reports

Dec. 2 (Bloomberg) -- UBS AG wants to be among the top five in fixed-income trading and the leader in equities, Carsten Kengeter, chief executive officer of the investment-banking unit, told Bilanz in an interview.

Compensation for employees at the division may rise “slightly” this year, while overall pay in the banking sector may decline, Kengeter told the magazine. He said this would reflect the turnaround at UBS after more than $50 billion of losses in the credit crisis.

To contact the reporter on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net;

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