Fri, Dec 19, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Remaking UBS

Posted on 14 November 2012

Our investment bank is being rightsized, says UBS Chairman Axel Weber during our conversation in late September. “That’s the word I would use.” Just over a month later, UBS - in which Singapore’s sovereign wealth fund GIC is the single largest shareholder - announced the biggest shake up of any investment bank since the global financial crisis.
Having already cut more than 3,500 jobs over the last three years, the bank axed another 10,000 on Oct 30, 16 per cent of its total workforce of 64,000 - most of them from its investment banking operations………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15416 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031