(Reuters) – UBS will have an “incredibly high bar” on investment banking staff it takes on from Credit Suisse following the merger, UBS Chairman Colm Kelleher said on Wednesday.
Kelleher told a WSJ event in London he wanted to maintain the culture at UBS following the takeover of its stricken Swiss rival, saying it was clear that the investment bank at Credit Suisse was “out of control.”
UBS has said it aimed to finalise the deal in coming weeks while the full integration of Switzerland’s top two lenders could take three to four years.
(Reporting by John Revill; Editing by Tomasz Janowski)
