, Singapore
Photo courtesy of UBS

UBS, Credit Suisse SG operations "uninterrupted" post-acquisition: MAS

Both banks will operate on separate licences in Singapore.

UBS and Credit Suisse operations in Singapore will continue uninterrupted after the completed acquisition, said the Monetary Authority of Singapore (MAS).

Both banks will maintain separate licences in Singapore. The entities have established governance structures to oversee and facilitate the smooth integration of their Singapore operations. 

Their main focus in Singapore is on private banking and investment banking.

MAS added that it maintains close communication with the Swiss Financial Market Supervisory Authority (FINMA) and the banks regarding the integration process. 

ALSO READ: UBS to finalise Credit Suisse acquisition by 12 June

In a statement released on 12 June, FINMA expressed that the legal completion of the takeover provides clarity and stability for both banks and their clients.

MAS is overseeing the impact on employment within the banks and has expressed its expectation for responsible handling of this matter. 

The banks are currently in the process of determining the specific implications for their workforce. MAS will collaborate with relevant stakeholders to address any employment-related consequences proactively.


Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Digibank by DBS sets new digital banking standards
Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.