UBS, Credit Suisse Offer Asia Wealth Bankers Cut on Inflows

(Bloomberg) — UBS Group AG and Credit Suisse Group AG are offering a rare incentive for their wealth bankers in Asia to bring in fresh cash, underscoring the challenges the former Swiss rivals face to ensure stability as they seek to complete a government-orchestrated merger.

Relationship managers at both firms will receive commissions of 15 basis points, or $0.15 for each $100 in new client money they can bring in, according to people familiar with the matter, asking not to be identified discussing private information.