Among those set to make the switch is Julien Lamm, Credit Suisse’s co-head of financial institutions group for Emea, who is based in Paris. Insurance specialist Kristian Triggle is also set to move. The pair are so far the only members of the FIG team to agree to move across to UBS.

Gaurav Parkash, head of Emea banks coverage, is due to depart. Stefanos Papapanagiotou remains in charge of UBS’s Emea FIG, according to a memo sent to staff on 7 August announcing its top team in the region.

Thomas Vignon, who leads financial sponsors at Credit Suisse in Emea, will join UBS. Fabien Antignac, a managing director in leveraged finance, is also set to move across, according to people familiar with the matter.

READ UBS names Emea country heads with Credit Suisse execs making up 25%

Technology is a key focus of UBS as it looks to bolster dealmaking teams through the acquisition, and Credit Suisse’s Emea co-head of technology, media and telecoms Marc Schmidt has agreed to move across to the newly integrated bank.

Orazio Tarda, who joined Credit Suisse in 2021 from HSBC as global co-head of fintech coverage, is also set to join UBS.

Vivek Manipadam, who rejoined Credit Suisse from Amazon last year as a managing director within its technology team, is set to depart.

Credit Suisse started its first wave of job cuts in July, with around 200 dealmakers affected globally, Financial News reported. In the UK, 80 investment banking jobs were stripped out, with at least 17 managing director roles affected, people familiar with the matter said.

The Swiss bank will announce a second round of cuts in September, with a third expected in October.

Since UBS’s shotgun marriage to Credit Suisse was completed on 12 June, executives have been in negotiations with dealmakers about who will make the cut at the combined entity. Meanwhile, several senior Credit Suisse dealmakers have exited to rivals including Citigroup, Deutsche Bank and Santander, as UBS executives have signalled there is a limited appetite to retain the acquired lender’s investment bankers.

Rafael Abati, head of Emea energy and infrastructure M&A at Credit Suisse, will move to UBS, while Daniel Ash who leads its ecommerce coverage will make the switch.

Scott Bardo, who rejoined Credit Suisse last year as co-head of healthcare for Emea, is also joining UBS. However, Martin Henrichs will remain in charge of the sector at the Swiss bank.

Just three Credit Suisse dealmakers were named in a top team of 17 Emea-based investment bankers announced earlier in August, as UBS has largely stuck with its incumbent leaders: Jonathan Grundy moves from Credit Suisse as co-head of UK investment banking, Simon Taurins as head of Emea consumer and retail and Bruno Hallak as head of global banking in France.

READ UBS names Emea country heads with Credit Suisse execs making up 25%

The UK team at Credit Suisse has largely been earmarked for a switch across to UBS under Grundy. Matt Hall, Joe Hannon, Ben Deary, James Green, John Hannaford and Stephen Pick are set to move across from the UK and corporate broking teams of Credit Suisse.

In the industrials sector, business services specialist Kyle Berry will switch from Credit Suisse to UBS as will managing director Karl Montfort and Pierre Lescastéreyres, its global co-head of chemicals.

Omri Lumbroso, who leads Credit Suisse’s UK equity capital markets unit, is a rare example of a senior banker from the division to make the switch to UBS. Nick Koemtzopoulos, head of ECM for Emea, is leaving the bank, with Chris Tuffey, head of Emea debt capital markets syndicate, Mark Walsh and Josh Presley among Credit Suisse’s capital markets exits.

Despite the moves in Europe, the main priority for UBS through the Credit Suisse acquisition is bolstering its investment banking franchise in the US. The Swiss bank intends to build its dealmaking team there to the same size as many of its rivals’, in a bid to increase market share globally.

Some discussions with Credit Suisse dealmakers are ongoing and more moves are likely to be agreed in the coming weeks.

To contact the author of this story with feedback or news, email Paul Clarke