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Fewer job options for bankers following Credit Suisse takeover

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Yong Jun Yuan

Yong Jun Yuan

Published Thu, Mar 23, 2023 · 07:10 PM
    • More Credit Suisse bankers have been calling recruiters seeking employment elsewhere.
    • More Credit Suisse bankers have been calling recruiters seeking employment elsewhere. PHOTO: LIM YAOHUI, ST

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    ANALYSTS expect the number of banking positions to fall in Singapore in the wake of UBS’ takeover of Credit Suisse, due to redundancies after the merger.

    Potential mismatches in bankers’ portfolios and differences in operating models are among the possible reasons for the reduction in positions.

    A Monetary Authority of Singapore (MAS) spokesperson said the regulator is working with the Institute of Banking and Finance to “proactively address any impact on employment”.

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