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UBS GWM revamp to have ‘insignificant’ impact on Asia headcount

UBS Wealth Management is planning to slash 500 jobs globally as the bank is undergoing a restructuring, according to a Bloomberg report, but Asia will account for only an ‘insignificant’ number of job cuts. The change in reporting lines has yet to be announced. A source close to the matter told Asian Private Banker that the job cuts will mainly…

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