UBS Vows to Pay Up to Rebuild Australia Team After Raid
This content was published on March 15, 2021 - 21:47
March 15, 2021 - 21:47
(Bloomberg) UBS Group AG has vowed to pay up for top talent to rebuild its team in Australia following a poaching spree from upstart rivals in the country where the Swiss bank has dominated deals in recent decades.
The Australian business, consistently one of the best performers for the bank globally, has been under pressure in recent months as former executives heading up new rivals lure staff with big payouts.
Still, Anthony Sweetman, co-chief executive officer of Australasia, says UBS remains an attractive employer. The bank has made more than 10 new senior hires in recent months.