Swiss bank UBS Group is to merge its Asian equity and debt capital markets units, following restructuring talks. The deal will see the combined entity become a global player in equities trading, with an estimated $US1 trillion ($A1.06 trillion) of assets under management. Other banks operate similar systems in Asia to better coordinate client services.
Swiss bank UBS Group is to merge its Asian equity and debt capital markets units, following restructuring talks. The reshuffle follows the company's 18-month suspension from sponsoring IPOs by the Hong Kong securities regulator, a decision the bank is challenging. Other banks operate similar systems in Asia to better coordinate client services.