UBS to Move Bankers, Traders to Credit Suisse’s New York Offices
- Investment bankers, traders will be moved to Flatiron office
- Wealth-, asset-management staffers will remain in midtown NYC
A Credit Suisse Group AG branch in Zurich, Switzerland.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
UBS Group AG plans to house its investment-banking and trading operations in Credit Suisse’s New York offices as the Swiss banking giant continues to integrate its former rival.
The investment-banking unit, which includes the firm’s markets division, will now be located at 11 Madison Ave., in New York’s Flatiron District, according to a memo to staff. Group functions, which include legal, compliance and human-resources staff, will also be moved.