UBS to cut 40 jobs in trading and investment banking in Asia-Pacific region below vice-president level
UBS Group is cutting about 40 jobs in the Asia-Pacific region as part of a global push to trim costs and combine its trading units, according to a person familiar with the matter.The staff reductions are roughly split between UBS’s markets and investment-banking teams, with a majority at the level of vice-president or below, the person said, asking not to be identified because the details aren’t public.The Asian divisions – led by Hong Kong-based Taichi Takahashi and David Chin – will see…

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South China Morning Post provides Hong Kong economy news including annual budget, MPF pensions, retail and transport.

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