UBS Is Adding 400 Credit Suisse Bankers to Its Trading Unit

UBS Group AG seems to have made up its mind how many Credit Suisse traders it wants to keep after acquiring the smaller rival last year.

The Swiss lenders seeks to “drive incremental client flow across derivatives and solutions, execution services, and financing with support from around 400 Credit Suisse colleagues joining our markets business,” Chief Financial Officer Todd Tuckner said on an earnings call on Thursday.

WATCH: UBS CEO Sergio Ermotti discusses the bank’s fourth-quarter performance, the integration of Credit Suisse and the outlook for growth.

Source: Bloomberg

A few months after UBS agreed to take over Credit Suisse last year, it signaled it would shutter about two-thirds of the erstwhile rival’s investment bank by putting the assets in the ...