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Top related persons:
Sergio Ermotti - 3 Ermotti - 3 John Revill - 2 Tyrone Siu - 1 Emelia Sithole - 1 Mark Potter - 1 Susan Fenton - 1 Ulrich Koerner - 1
Top related locs:
Switzerland Geneva Hong Kong China BERN Bern
Top related orgs:
Credit Suisse - 3 UBS - 3 Asset Management Association Switzerland - 2 Thomson - 2 Suisse - 1 REUTERS - 1 Rights - 1 Credit Suisse AG - 1

Search resuls for: "Asset Management Association Switzerland"


3 mentions found


☆ Credit Suisse sheds nearly 13% of workforce this year
  + stars: | 2023-09-29 | by ( ) www.cnbc.com   time to read: +1 min
This photograph taken on March 24, 2023 in Geneva, shows a sign of Credit Suisse bank. Credit Suisse has shed nearly 13% of its workforce this year, underlining the turmoil at the bank which was taken over by cross-town rival UBS in a state-engineered rescue earlier this year. The number of Credit Suisse employees fell to 33,968 at the end of June, down from 38,908 at the end of 2022, the bank said in its financial report published on Friday. Some of the jobs lost could be people who left as part of Credit Suisse's own cost cutting plans before the takeover or who jumped ship as confidence in the lender collapsed. Further jobs could be lost, with UBS saying in August it planned to cut3,000 jobs in Switzerland alone at the enlarged bank.
Persons: Sergio Ermotti, Ermotti Organizations: Suisse, Credit Suisse, UBS, Asset Management Association Switzerland Locations: Geneva, Switzerland
☆ Credit Suisse sheds nearly 13% of workforce
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +2 min
The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. REUTERS/Tyrone Siu/File photo Acquire Licensing RightsZURICH, Sept 29 (Reuters) - Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that was taken over by cross-town rival UBS (UBSG.S) in a state-engineered rescue earlier this year. The number of Credit Suisse employees fell to 33,968 at the end of June, from 38,908 at the end of June 2022, the bank said in its financial report published on Friday. The figures relate to Credit Suisse AG, the lender's core banking business. A Credit Suisse spokesperson declined to comment on the breakdown between voluntary departures and job cuts, or how many jobs could be lost in future.
Persons: Tyrone Siu, Sergio Ermotti, Ermotti, John Revill, Emelia Sithole, Mark Potter, Susan Fenton Organizations: Credit Suisse, REUTERS, Rights, UBS, Credit Suisse AG, Asset Management Association Switzerland, Thomson Locations: Hong Kong, China, Switzerland
☆ UBS CEO warns of painful jobs decisions after Credit Suisse takeover
  + stars: | 2023-06-02 | by ( John Revill | ) www.reuters.com   time to read: +2 min
BERN, June 2 (Reuters) - UBS (UBSG.S) Chief Executive Sergio Ermotti on Friday warned of painful decisions about job cuts following the takeover of Credit Suisse (CSGN.S), which he said he hoped would be formalised in coming days. Synergies is part of the story," Ermotti said at an event organised by the Asset Management Association Switzerland in Bern. That management reshuffle only saw Credit Suisse CEO Ulrich Koerner joining the top leadership. Switzerland's Social Democratic Party has drawn up proposals to shrink UBS assets after its takeover of Credit Suisse to reduce the risk of another expensive state-backed rescue. "I don't think we are too big for Switzerland," Ermotti said, adding that in banking "size matters."
Persons: Sergio Ermotti, Ermotti, Ulrich Koerner, John Revill, Tomasz Janowski Organizations: UBS, Credit Suisse, Asset Management Association, Swiss, Switzerland's Social Democratic Party, Thomson Locations: BERN, Bern, Switzerland
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