Finance
UBS Mulls Bonus for Investment Bankers Who Lure Rich Clients
- Dealmakers at bank would be in line for payouts for first time
- Lender discussing rewards which may apply to Asia, Europe
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UBS Group AG is considering introducing a reward system for investment bankers who refer clients to the firm’s wealth management business, according to people with knowledge of the matter.
Some bankers would likely be in line for payouts in Asia and Europe when they successfully attract new money to the lender’s private banking unit, said the people, who asked not to be identified discussing confidential plans. The referral fees would be a first for the Zurich-based lender, echoing earlier incentives that Credit Suisse had offered to its dealmakers, the people said.