UBS Asia Market Executive Resigns, Continues to Push Cost Reduction
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By:格隆汇
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Glonghui, January 7th | According to media reports citing informed sources, Eric Lafon, who has worked at UBS Group for more than 25 years, has left the bank. Sources revealed that Lafon, who was based in Singapore and served as Co-Head of Global Distribution, reached an agreement with the bank to depart at the end of last year. UBS is currently assessing its cost base, focusing on cutting administrative and non-revenue-generating positions. Management has internally signaled that support and coordination functions are under review, as the bank aims to simplify its operating model and improve efficiency. UBS plans to launch a new round of layoffs in mid-January. Subsequently, as UBS gradually shuts down the computer systems acquired from Credit Suisse, another round of layoffs is expected to take place later in 2026. Lafon previously belonged to UBS’s market distribution business, mainly responsible for coordinating sales coverage, facilitating connections between clients and traders, and assisting in deciding which trading ideas to recommend to clients and how various products are priced.
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