UBS intends to keep hold of Greek Credit Suisse shipping clients post-merger

UBS’ takeover of Credit Suisse will probably cause little to no upheaval to the latter’s shipping clients — at least the Greek ones.

Four days after the two Swiss lenders announced a plan to merge, UBS said on Thursday that it intends to hold on to and expand its Greek wealth management activities — an area in which Credit Suisse has already made large inroads through its combined ship lending and wealth management operations.