How to prepare for ubs interview?
Peers are circling. Bonuses will be affected by a cut in profits. One headhunter who has dealt with the company before said that people will leave.
The alleged rogue trades from the equities division are unlikely to put an end to the crime. For the last 11 years, the bank's research team has been ranked number one in the Extel industry survey.
Two industry sources in London said their firms were likely to approach the bankers.
Since the scandal hit, the head of the investment bank has tried to bolster staff's spirits, assuring them that clients are inundating them with messages of support.
Kengeter asked staff to act with resolve, creativity and energy and to work hard to maintain our momentum in an internal memo over the weekend.
He said he was confident that they would turn adversity into strength.
As other banks will try to avoid having to compensate for forfeited bonus payments, the headhunter said that the staff of UBS would not jump until early next year.
Current estimates suggest that banks are driving through more than 100,000 job cuts to cope with the tough economic and regulatory environment so they are unlikely to want hundreds of new recruits.
It may be difficult to pass up the chance to again lure rainmakers from the bank. Several heads of investment banking at rival firms told reporters in recent weeks that they still had room forselective hires.
Even though they still have a strong culture, the Ubs were raided brutally by other banks.
Another recruitment consultant said that people felt their weakness, referring to earlier departures of UBS.
Bank of America Merrill Lynch, which lost staff in the financial crisis, is rebuilding its advisory business, and is one of the banks that took bankers from Switzerland.
Matthew Koder, the head of global capital markets at UBS, was the first high profile departure from the bank.
Kevin Cox, the head of Americas investment banking, was one of more than 15 senior bankers who left the mergers and acquisitions division of the Swiss bank.
Liam Beere, who was promoted to global head of M&A at the bank, left in June to join Moelis. Cary Kochman, who was promoted to global head of M&A at the bank, left in June to join Citi.
Japan's Nomura is looking for top bankers in the United States and will likely try to get some of them from Switzerland.
Some of the division heads that were promoted recently are possible targets.
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