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UBS Plans to Shut its Global Banking Office in India

  • Three investment bankers leaving, two may be transferred
  • Swiss bank will serve India clients from offshore operations
UBS AG Offices & Signs As London Wealthy Courted By Swiss Banks

Photographer: Chris Ratcliffe/Bloomberg

UBS Group AG is moving its investment banking coverage in India offshore, cutting jobs as it closes down its global banking presence in the country.

The Swiss bank plans to serve its India clients from its operations outside the South Asian nation, the people said, asking not to be identified as the information is private. Staff were informed Wednesday, they said.