Switzerland's UBS Group AG is in advanced discussions to retain more than 100 senior dealmakers of Credit Suisse Group AG in Asia including South Korea, Thailand, Vietnam, and India, according to reports.
The move is aimed at shoring up talent in markets where its rival has a stronger presence. UBS has set a retention target of over 100 bankers, excluding China.
The bank has also held early-stage discussions with a few bankers in China, however, the final number is subject to discussions with regulators.
Credit Suisse has been hit with numerous resignations each week due to the uncertainty gripping the lender amid its takeover by its larger rival, thus, it declined to comment on UBS's talks.
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