UBS Plans Istanbul Hires as Turkey Growth Trumps Global Cuts
By Sibel Akbay - Mar 22, 2013 8:37 AM ET
UBS AG (UBSN), the Swiss bank cutting about 10,000 jobs, is planning to expand in Turkey as the nation’s economic growth boosts demand for assets.
“We’re working on hiring more for our investment banking team in Turkey,” Gonca Gursoy Artunkal, the bank’s chief executive officer in Turkey, said yesterday in an interview in Istanbul, without giving more details on the expansion. “We’re also waiting for detailed capital markets regulations to be published to see whether to start asset management operations.”
More:UBS Plans Istanbul Hires as Turkey Growth Trumps Global Cuts - Bloomberg
