UBS' investment banking bonus pool in Asia Pacific to drop 15%

The bank's 66% drop in profits last year is taking its toll on bankers.

Bloomberg reports that UBS Group AG’s Asia-Pacific investment-banking bonus pool fell about 15 percent after profit at the division slumped in the region in 2016, according to a person with knowledge of the matter.

The decline compares with a strong previous year, when the pool rose 20 percent, the person said, asking not to be identified because the figures are confidential. Bonuses for high-performing junior bankers in 2016 were mostly flat or fell by a single-digit percentage, the person added.

Read Bloomberg's full report here.