UBS Group AG has seen a round of exits within its wealth division in Hong Kong less than two months after it completed the merger with Credit Suisse Group AG, according to people familiar with the matter.
In Hong Kong, at least six bankers on the Credit Suisse side have left, including Martin Loh, a market group head for China and Joe Lau, said the people who asked not to be named as the matter is confidential. Lau, a 16-year Credit Suisse veteran, was a team leader on the Greater China private banking team, according to his LinkedIn profile.
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