UBS has successfully completed the migration of its first Credit Suisse clients, with technology integration proceeding as planned.

Clients in Luxembourg and Hong Kong are set to be migrated in the coming weeks, followed by Singapore, while the remaining countries will see migrations later this year and into 2025.

As part of the integration process, UBS is eliminating approximately 90 percent of the 3,000 applications from Credit Suisse, having already shut down around 560 applications and approximately 40,000 of the 100,000 servers.

The company is on schedule with application migrations and ahead of target with server reductions, indicating strong progress in the overall technology integration efforts.