- Hiring senior bankers in Asia for the first time since the financial crisis, UBS has recently added three managing director and one executive director in the region, and plans to bring on another dozen or so at similar pay grades in the coming year, says the bank's Asia-Pacific investment bank chief Matt Hanning.
- Data shows UBS has been taking market share in China, and Hanning wants to add to that momentum at a time when competitors are cutting back. UBS has also made deep cuts, but is ahead of the game, having taken the bulk of them several years ago.
- Total investment banking fees in China of $5.3B are down 11% from the same period in 2014, but UBS has hauled in $156M in fees, up from $132M last year.