Market Chatter: UBS Completes Integration of Credit Suisse Units in India

MT Newswires Live04-01

UBS (UBS) has completed the integration of Credit Suisse Service into UBS Business Solutions in India, Reuters reported Tuesday, citing UBS.

The consolidation is part of the 2023 merger that consolidated 24,000 employees from Credit Suisse Services (India), Credit Suisse Business Analytics (India), and Credit Suisse Services AG Pune into UBS Business Solutions (India), the report added.

The integration covers Credit Suisse's shared services operations in Mumbai and Pune. India houses around 16% of UBS' global workforce, which totals over 110,000 employees, the report said.

UBS Group didn't immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 30.30, Change: -0.33, Percent Change: -1.09

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