Switzerland's biggest bank UBS Group AG is planning to revamp its investmen...
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann
The overhaul could result in hundreds of job cuts at the investment bank, especially within the higher ranks, FT reported, citing people familiar with the matter.UBS declined comment on the report. Ros Stephenson and Javier Oficialdegui would be named global co-heads of investment banking for an advisory role to overlook bank’s M&A and capital markets activities around the world, FT said.
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