About 60 private bankers in Zurich, Geneva and Lugano are affected. A few might transfer to UBS Swiss Financial Advisers, a Zurich subsidiary created specially to meet US regulatory requirements, but not enjoying Swiss banking secrecy on securities transactions.
"We are talking to lots of people. It is clear there has been a rather exceptional situation over the past three to four months," said an executive at Impact Partners, a Geneva executive search company dealing with some of the UBS staff affected.
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