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UBS Asset Management faces ‘thorny legacy issues’ and culture headaches after Credit Suisse deal
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fnlondon.comAsset management M&A is complicated at the best of times. Last weekend’s shotgun wedding between UBS and Credit Suisse is no exception.
Top executives at the Swiss banks will need to bring together separate fund management entities as part of the historic deal. The takeover, which was forced through by Swiss authorities on 19 March, has given birth to a $1.5tn fund management behemoth, with the new entity overtaking JPMorgan as Europe’s third largest fund group behind BlackRock and Amundi.
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Read more on fnlondon.comAbout this in other media
Credit Suisse chair ‘truly sorry’ over downfall of 167-year-old bank theguardian.com /1 year ago
Credit Suisse shareholders gather at annual meeting to demand answers over UBS rescue cnbc.com /1 year ago
UBS could cut 30% of staff after Credit Suisse takeover — report fnlondon.com /1 year ago
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