15 BASIS POINTS OR $0.15 FOR EACH $100. UBS's IQBAL KHAN THE EX OF CREDIT SUISSE HAS BEEN PUSHING HARD TO RETAIN TALENT AND BRING BACK FUNDS

Editorial Staff.

May 30, 2023.

Bloomberg said in an article late last week citing unnamed sources, that relationship managers at both firms will receive commissions of 15 basis points, or $0.15 for each $100 in new client money they can bring in. This news service has contacted UBS for comment and may update this article in due course. It hadn’t received a comment at the time of going to press."

"The Bloomberg article noted that Iqbal Khan, the wealth boss at UBS, was in Singapore in recent days to meet with staff and clients. Khan, who previously worked at Credit Suisse, has been pushing hard to retain talent and bring back funds to the new combination.

A number of figures in the executive search and related fields have told WealthBriefingAsia that Credit Suisse bankers have left or are planning to leave. It is highly likely that Khan, given his own experience, will want to encourage high-performers to stay."

SOURCE:

https://www.wealthbriefingasia.com/article.php?id=198106

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