UBS Tells Credit Suisse Bankers They Can Expect ‘Culture Filter’

UBS Group AG’s Chairman Colm Kelleher said that he’s keen to keep the most talented investment bankers at newly-acquired Credit Suisse Group AG — but they should expect to be screened for their fit with the bank’s values and approach to risk.

“We have to let everybody through a culture filter to make sure that we do not import something into our ecosystem that causes issues,” Kelleher said, speaking at a press conference in Zurich after UBS named Sergio Ermotti to replace current Chief Executive Officer Ralph Hamers from April 5.

UBS bought its long-standing rival in a government-brokered ...