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UBS's Swiss Rivals Hope Credit Suisse Hires Will Win Wealthy Clients

·1 min

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UBS Group’s Swiss rivals have been hiring former Credit Suisse employees to expand their wealth-management market share. The downfall of Credit Suisse and its subsequent rescue deal by UBS created an opportunity for companies like Julius Baer Gruppe, EFG International, and Vontobel Holding to recruit advisors and acquire their assets.