Swiss bank UBS Group is to merge its Asian banking and venture capital markets units , following restructuring orders . The reshuffle follows the company 's 18-month suspension from sponsoring IPOs by the Hong Kong banking regulator , a decision the bank is making . Other banks operate similar operations in Asia to better coordinate financial transactions .
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.