Credit Suisse Wealth Staff Told to Prep for New Roles

The merger between UBS and Credit Suisse will see UBS taking the lead in management roles, but Credit Suisse staff are encouraged to update their resumes for potential opportunities. Despite significant workforce cuts, the private wealth sector in Asia will be less affected, allowing UBS to strengthen its position against rivals like DBS and HSBC. Future announcements will clarify leadership roles and staff positions, with more details expected by mid-July.

What is the main message to Credit Suisse staff regarding their roles in the merged company?

• They are encouraged to apply for management roles.

• They should expect a salary increase.

• They will be transferred to UBS without any changes.

• They should prepare for immediate layoffs.

Which region's private wealth management is expected to be less affected by the workforce cuts?

• South America

• Europe

• North America

• Asia

How will the merger affect UBS's presence in Australia and India?

• It will reduce their presence.

• It will lead to closures in these countries.

• It will give them a new presence.

• It will have no impact.

What is expected to be announced in the next week regarding the merged company?

• New product launches

• Leadership roles

• Salary adjustments

• Office relocations

By when is more clarity expected on the positions of 12 to 1500 employees?

• By the end of the year

• By mid-July

• By next week

• By the end of the month