{
Irene Liao

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ubs cuts loan bankers in asia as market struggles with low demand

UBS Group AG has laid off four loan syndication bankers in Asia, including Terence Chia and Irene Liao, as the region's loan market faces challenges from high funding costs and sluggish growth in China. Loan volumes in Asia Pacific, excluding Japan, have dropped 19% year-to-date, intensifying competition among banks.
Yahoo Finance
United States Dollar UBS Group AG Credit Suisse HKG SGP Irene Liao Terence Chia
TradFi, News Article
11:21 27.11.2024

ubs cuts four loan bankers in asia as market slows down

UBS Group AG has laid off four loan syndication bankers in Asia, including two senior figures in Singapore, as the region's loan market faces challenges from high funding costs and sluggish growth in China. The departures come amid a 19% drop in loan volumes in the Asia Pacific, excluding Japan, this year. The affected bankers were part of the team acquired during UBS's takeover of Credit Suisse earlier in 2023.
SWI swissinfo.ch
United States Dollar UBS Group AG Credit Suisse Real Estate Fund Siat SGP HKG Terence Chia Irene Liao
Finance & Economy, Market Report
11:21 27.11.2024
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