Swiss bank UBS has announced plans to cut approximately 100 jobs within its wealth management business in Asia.
![This decision comes shortly after the completion of UBS acquisition of Swiss rival Credit Suisse. Photo: Getty Images](https://krugmaninsights.com/wp-content/uploads/2023/09/1x-1-3-1024x682-1.webp)
The job cuts will primarily affect teams in Hong Kong and Singapore, where UBS is facing reduced client activity due to the economic slowdown in the region.