UBS Hires Strategy Consultants Oliver Wyman to Help With Credit Suisse Integration
- Project expected to run for several years amid integration
- UBS may need as much as four years to integrate Credit Suisse
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UBS AG hired strategy consultant Oliver Wyman for advice on the takeover of Credit Suisse Group AG as it braces for job cuts and winding down unwanted businesses.
The project will run for several years and likely result in steady and very substantial fee income for the firm, according to people with knowledge of the matter. Firms that had also pitched included Bain, Boston Consulting Group and McKinsey, the people said, asking not to be named discussing private information.