Credit Suisse Fallout
UBS’s Khan Vows Retention Plans for Credit Suisse Asia Staff
- Khan made comments at townhall on Friday: people familiar
- Rival banks are targeting Credit Suisse staff after UBS deal
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UBS Group AG wealth boss Iqbal Khan told Credit Suisse Group AG staff in Asia that he’s working on retention measures including compensation, according to people familiar with the matter, as the bank seeks to prevent an exodus of top talent.
Khan, alongside Francesco De Ferrari, Credit Suisse’s wealth management chief, made the comments at a town-hall in Hong Kong to Asia Pacific staff on Friday, said the people, asking not be identified as the event is private. They were joined by UBS senior Asia executives including Amy Lo, co-head of Asia-Pacific wealth, and Asia-Pacific President Edmund Koh, said the people.