UBS Completes Integration of Credit Suisse Units in India, Merging 24,000 Employees:

UBS Group announced on Monday that it has officially completed the merger of Credit Suisse’s India-based service companies with UBS Business Solutions. This marks a significant step in the ongoing integration efforts following UBS's acquisition of Credit Suisse in 2023.

The consolidation involved Credit Suisse Services (India), Credit Suisse Business Analytics (India), and Credit Suisse Services AG, Pune. These entities have now been absorbed into UBS Business Solutions (India), creating a unified structure for the Swiss banking giant’s operations in the country.

Integration Brings Together 24,000 Employees

With the merger now complete, a total of 24,000 employees from the merged Credit Suisse entities are now part of UBS Business Solutions in India. This integration process began in May 2023 and covered shared services centers located in Mumbai and Pune.

India continues to be a key hub for UBS, currently representing about 16% of its global workforce. The bank employs over 110,000 people worldwide.

Largest Bank Merger Since 2008 Now Consolidates Operations

UBS’s takeover of Credit Suisse was the most significant bank merger since the 2008 global financial crisis. Orchestrated by the Swiss government, the deal aimed to prevent Credit Suisse from collapsing and destabilizing the broader financial system.

Strategic Integration Aims at Long-Term Growth

UBS stated that the integration not only enhances its operational strength in India but also lays the groundwork for improved global collaboration, technology development, and service delivery.

The company believes that this consolidation will help boost innovation and streamline service functions, further positioning UBS as a more agile and globally connected organization.