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ubs faces staff departures amid pay concerns in london wealth management

UBS's London wealth management division is experiencing significant staff turnover, with notable departures including Mark Goddard and James WhyBrow. Insiders express concerns over high churn rates and pay disparities, as new hires reportedly receive higher compensation than existing employees, despite a reported 27% increase in senior banker bonuses. Chris Oliver, who took over the UK high net worth business, is expected to address these issues.
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