Kengeter cranks up steam at UBS investment bank

Headcount at UBS investment bank is now at its highest for close to three years amid a hiring drive in the first quarter that added 435 new staff. The boost comes amid a further rise in risk appetite as the division's chief executive stretches to meet ambitious targets

Headcount at UBS investment bank is now at its highest for two years amid a hiring drive in the first quarter that added 435 new staff. The boost comes amid a further rise in risk appetite as the division's chief executive stretches to meet ambitious targets.

Staff numbers in the investment banking division increased by 5% on the previous quarter to 17,628 from 16,860 at the end of last year.

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