UBS cuts about 200 London jobs as Credit Suisse integration nears end

UBS is cutting about 200 jobs in London as its integration of Credit Suisse nears completion. The reductions span several parts of the business, including wealth management and investment banking.

The move brings the integration process into focus at one of UBS’s major international financial centres. The cuts affect employees across more than one business unit, rather than a single team.

Wealth management and investment banking are among the affected units. The reductions therefore touch two distinct parts of UBS’s London business, as the bank moves closer to completing its Credit Suisse integration.

The job cuts put the integration’s final phase in view for staff in the UK capital. UBS’s announcement links the London reductions to that process and identifies the affected business areas.

The reductions come as UBS says its Credit Suisse integration is nearing completion. The London cuts form part of that wider integration effort, with about 200 roles affected in the UK capital.

The connection matters because the job reductions are being made while UBS brings the two businesses together. The company’s focus in London includes wealth management and investment banking, both named among the units affected.

For UBS, the London cuts mark a workforce change during the closing stretch of its Credit Suisse integration. About 200 jobs are affected, across several business units that include wealth management and investment banking.

The development places London at the centre of this round of reductions. It also underscores the employment impact of the integration as UBS approaches its end.