In a major reshuffle of financial service powerhouses, UBS Group has successfully absorbed Credit Suisse’s Indian service wings into its own operations, forging a unified behemoth of 24,000 employees under one banner. The move was executed through a complex scheme of arrangement greenlit by the National Company Law Tribunal in Mumbai.
The deal fused two Credit Suisse Indian entities—Credit Suisse Services (India) Private Limited and Credit Suisse Business Analytics (India) Private Limited—into UBS Business Solutions (India) Private Limited. Adding a layer of cross-border complexity, the Pune branch of Credit Suisse Services AG, a Swiss outfit, was also merged into UBS’s Indian operations through an inbound demerger registered in Zurich.
This integration, which came into effect on April 1, 2025, streamlines the service units of both global banking giants, consolidating their workforce and operational heft in India. The maneuver is a clear step toward stronger regional synergy and enhanced efficiency within UBS’s expanding footprint.
The legal orchestration behind this corporate choreography was steered by Cyril Amarchand Mangaldas, who provided strategic counsel across the deal’s multiple facets—corporate, cross-border, regulatory, and employment law—ensuring smooth sailing through intricate compliance channels.
This strategic move signals a new chapter for UBS in India, positioning it for a robust, unified presence bolstered by Credit Suisse’s legacy and resources.