UBS Cuts 20 Jobs at Canadian Bank Unit
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UBS AG, Switzerland’s largest bank, cut 20 jobs at its Canadian investment-banking unit as part of cost cuts by the Zurich-based bank.
UBS fired Rick Meslin, head of Canadian equities, and Chief Economist and Strategist George Vasic as part of the cuts, said Karina Byrne, a spokeswoman. The firm cut 10 jobs in equity research and the rest in cash sales and trading. The banking unit had about 48 staff before the cuts, mostly in Toronto, she said.