Credit Suisse’s Singapore private bankers moving to UBS offices

Credit Suisse private bankers in Singapore will move to UBS Group’s flagship offices near a prime shopping district in the city-state as the merger of the two banks begins in earnest, according to people familiar with the matter.

Some of the employees are set to start the relocation as soon as next month, one of the people said, who asked not to be identified discussing private information. UBS relationship managers were informed about the switch last week, another person said.

A spokesperson for UBS declined to comment.