Worried you might be losing your investment banking gig at Credit Suisse in the near future? Good news! There's another Swiss bank that's on the prowl for exactly your type.
It’s a challenging time for many European banks, and others on Wall Street, but that hasn’t stopped UBS from pressing forward with a years-long effort to beef up its investment-banking operation on this side of the Atlantic. Since May of last year, when The Wall Street Journal reported on the push, UBS has hired another 20 managing directors in the Americas, according to a spokeswoman...UBS and its securities and investment-banking chief Andrea Orcel have determined that to win business from corporate clients with increasingly global aspirations, it’s necessary to have a meaningful presence in the U.S., the biggest investment-banking market in the world.