UBS in hiring spree in China
SWISS bank UBS has hired more than 1,000 new employees for its investment banking operations in Greater China in the past 18 months.
UBS is keen to expand in China and Asia to tap growth potential in the region.
The new hires are in Beijing, Hong Kong and Taiwan, and include around 100 employees to produce research in Mandarin.
The news came as it emerged that UBS’ deputy head of investment banking in China, Joe Zhang, is to leave the bank to join a Chinese micro-loan company.