Departures and hiring had slowed in recent years as geopolitical tensions and weaker growth in major economies cooled opportunities. Representatives of UBS, Bank of America, Citigroup, Morgan Stanley, JPMorgan all declined to comment and the individuals involved declined to comment or didn’t immediately respond to requests for comments. UBS is also losing Fergus Horrobin, a dealmaker recently based in Hong Kong, who is joining JPMorgan to run its international real estate investment banking business. The bank is actively managing its roster, which includes pushing out average performers while losing top-tier talent to more aggressive bidders, the people said. JPMorgan hired about a dozen senior investment bankers for Asia in the past six months, a person familiar with the matter said.

Source: The Edge Markets March 10, 2026 04:24 UTC