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UBS Implements Job Cuts: Asia’s Wealth Management Operations

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
This decision comes shortly after the completion of UBS acquisition of Swiss rival Credit Suisse. Photo: Getty Images

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.

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