UBS / CS LevFin post-merger

In the aftermath of the UBS-Credit Suisse merger, I am very interested in understanding the dynamics of the combined LevFin team.

Historically, UBS was a sponsor-driven bank, and so was Credit Suisse (CS of course having a top-of-the-street LevFin team). I'm curious about the post-merger strategy: has UBS retained its sponsorship focus and integrated parts of Credit Suisse's LevFin team?

I'm particularly interested in understanding:

  1. Team Structure: How has the integration reshaped the team in the US and Europe?
  2. Personnel and Relationships: To what extent have Credit Suisse people and client relationships been retained?
  3. Current Standing: What's the team's position in the market post-merger, and how are they faring in ongoing projects?
  4. Europe vs. USA: Refocussing on Europe, is there a difference between their EMEA and US LevFin team?
  5. Ermotti's Strategy: What are your thoughts on King Ermotti's "asset light" strategy — do they plan on decreasing LevFin capacity in relative or absolute terms?
 

Not sure but don’t think all that many CS LevFin guys are even staying around tbh. Big moves have been made on the team

 

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