Investment Banking

UBS set to cut 13 traders as it shutters outsourced desk

Swiss bank is one of the biggest names in outsourced trading

The closure of UBS’s outsourced trading business follows the Swiss bank’s merger with Credit Suisse Mike Kemp/In Pictures via Getty Images
The closure of UBS’s outsourced trading business follows the Swiss bank’s merger with Credit Suisse Mike Kemp/In Pictures via Getty Images


UBS is set to cut 13 roles as the Swiss bank shutters its outsourced trading business, Financial News has learned.

Seven traders in the Emea region are at risk of redundancy — four in London and three in Frankfurt — according to people familiar with the matter.

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