Slimmer U.B.S. targets Asian growth

Swiss-based investment bank UBS is keen to bring more big Asian clients back to the capital markets next year despite a recent announcement that it will cut 10,000 jobs to save costs.

David Chin, head of the group's Asia investment banking business, said the internal restructuring and lay-off plan would have only a "minimal impact" in the Asia-Pacific region, and he expected to help some big Chinese clients launch stock or bond sales next year.

via Business feed http://www.scmp.com/business/banking-finance/article/1075178/slimmer-ubs-targets-asian-growth