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Credit Suisse Asia grabs UBS prime brokerage head

Reuters Hong Kong – Credit Suisse on Wednesday said a top UBS AG prime brokerage banker will join the bank as head of prime services for Asia-Pacific, based in Hong Kong.

Since 2007, Matt Pecot was the Americas head of prime brokerage services for UBS, having held a similar Asia-Pacific role with UBS from 2004 and 2007.

Credit Suisse, under less financial pressure than rival UBS, is in a position in Asia and elsewhere to poach top bankers from its peers.

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