SWX:UBSGCapital Markets
Is UBS Group (SWX:UBSG) Trading Legal Risks for Efficiency in Its India Expansion Strategy?
In recent days UBS Group has moved to reshape its operations, announcing plans to build out a new global capability centre in Hyderabad, India that is expected to hire close to 3,000 professionals, alongside workforce reductions in Switzerland linked to the Credit Suisse integration, while also facing a US$5.5 million arbitration payout to former client Kyle Blackmon.
Together, this expansion of UBS’s technology and operations footprint in India and the legal setback in the Blackmon case...