UBS to double number of investment bankers in China

Pedro Gonçalves
clock • 1 min read

Swiss investment bank UBS Group has unveiled plans to double the headcount at its investment banking joint venture in China within four years after becoming the first overseas bank to own a majority share in a Chinese securities firm. UBS Asia Pacific global banking head David Chin said that the majority-owned Chinese joint venture has 400 employees, Reuters reported. UBS is the first foreign bank to get approval from the Chinese regulators to increase its stake in the joint venture to 51%. The opening of the financial market has spurred the demand for local securities and dealmaki...

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