UBS said to boost Asia Investment Bank’s bonus pool by 6%

Hong Kong: UBS Group AG boosted the 2017 bonus pool for its investment bankers in the Asia-Pacific region by about 6 per cent, reflecting a rebound in deal-making and efforts to retain junior staff focusing on China, according to people familiar with the matter.

Total compensation for junior bankers in the region rose by about 12 per cent on average, the people said, asking not to be identified because the information is private. Some junior bankers focusing on China received raises of 15 per cent to 20 per cent as UBS seeks to reverse a series of defections to Chinese corporates and private equity firms, one of the people said. (Bloomberg)