UBS investment bankers have been having a good run in Italy, where the bank has acted in several significant equity transactions recently. These have included the sale of Telecom Italia’s fixed network assets and the Italian government’s disposal of a stake in Banca Monte dei Paschi di Siena.
Before its merger with Credit Suisse, UBS employed almost 500 people in Italy across three divisions — wealth management, asset management and investment banking. The merger added another 300 or so.
