Pillar I, Strategy & Power Structures
M&A, integration reality, silent restructurings, and the second-order effects on clients, talent, and business models.
Pinned
Highest engagement (then recency).
Why that should worry the people who run them and not the people who own them. Swiss private banking is consolidating at a pace not seen since the 1970s, and the franchise walks out of the building every evening at six.
Most engaged
The single most overrated metric in private banking hiring is AUM. Every RM leads with it. Every hiring committee knows a headline AUM number tells them almost nothing useful about whether this person will generate revenue at their bank.
UBS absorbed Credit Suisse in March 2023. Three years on, 35,000 jobs are being eliminated. The industry has tracked who is leaving, but almost entirely failed to examine what happens to the careers of the people who survived.
Julius Baer posted a 125% jump in net profit. Then cut 400 jobs and set a CHF 110 million cost-reduction target. The question every private banker should be asking has nothing to do with their own performance.
Sergio Ermotti has indicated he expects to step down as CEO of UBS by early 2027. What comes next will shape the trajectory of the world largest wealth manager and with it, the careers of thousands of private bankers across every major financial hub.
Articles
Sorted by recency (best for discovery + freshness).
UBS's voluntary attrition rate has fallen below its historic norm even as thousands of ex-Credit Suisse bankers absorbed a takeover their own chairman said would run through a culture filter. The real reasons they haven't moved, and why the window to move is better now than in 2023.
UBS has declared the Credit Suisse integration a success. For the private bankers still inside as H2 2026 begins, the most consequential chapter is the one starting now.
Why that should worry the people who run them and not the people who own them. Swiss private banking is consolidating at a pace not seen since the 1970s, and the franchise walks out of the building every evening at six.
Inside yesterday's UBS capital rules verdict, and what every senior private banker watching from the inside should already be doing about it.
UBS has just completed its best financial year since acquiring Credit Suisse. And yet it cannot name a successor to its own CEO. Here is what the leadership paralysis means for every senior private banker watching from the inside.
UBS absorbed Credit Suisse in March 2023. Three years on, 35,000 jobs are being eliminated. The industry has tracked who is leaving, but almost entirely failed to examine what happens to the careers of the people who survived.
Julius Baer posted a 125% jump in net profit. Then cut 400 jobs and set a CHF 110 million cost-reduction target. The question every private banker should be asking has nothing to do with their own performance.
The single most overrated metric in private banking hiring is AUM. Every RM leads with it. Every hiring committee knows a headline AUM number tells them almost nothing useful about whether this person will generate revenue at their bank.
Sergio Ermotti has indicated he expects to step down as CEO of UBS by early 2027. What comes next will shape the trajectory of the world largest wealth manager and with it, the careers of thousands of private bankers across every major financial hub.
Goldman Sachs dropped $2 billion on an acquisition, Blackstone aggressively expanded across Europe, and Switzerland finally got serious about post-Credit Suisse reform. December 2025 is shaping up to be a moment you will reference for years.
UBS announced a significant restructuring as Group COO Beatriz Martin takes over technology on January 1, 2026. The Credit Suisse integration is entering its most complex phase, with ultra-high-net-worth client migrations delayed to Q1 2026.
UBS stock soared over 4.5% to its highest point since February 2008 after Swiss lawmakers unveiled a capital compromise. Meanwhile the bank plans to cut 10,000 more jobs by 2027. The consolidation wave is accelerating.
When UBS acquired Credit Suisse in March 2023, few understood the magnitude of what was actually happening. It was the beginning of a complete restructuring of Swiss private banking that will define careers for a decade.