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But it did say it was planning to hire an additional 400 "client advisers," or private bankers, for its Asia-Pacific region, on top of the current 867.
The bank said the asset outflows were mainly the result of client advisers leaving UBS and taking their customers with them.
Swiss banks have provided tens of thousands of pages of encrypted data on their U.S. businesses, including names of client advisers, a Finance Ministry spokesman said.
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Mrs. Weldon, 32, is a client adviser at Christie's in New York.
Mr. Sexter, 35, is a vice president and client adviser in Boston for Lehman Brothers, the investment bank.
Michael David has joined Deutsche Bank Alex. Brown from Morgan Stanley as a director and client adviser, responsible for formulating risk management and investment solutions for wealthy clients, endowments and foundations.
Raul Suarez, a private client adviser at Phillips, was taking bids from someone in the salesroom; experts in the audience said they believed it was Robert Mnuchin, a Manhattan dealer.
HC Securities senior client adviser Mark Lennox said better than expected US jobs figures on Friday had heightened expectations of a rise in US interest rates.
One accepted regular seven-figure payments into a PEP's account without checking their origin; the banker who was the client adviser may have blocked attempts to investigate his client.
A PASSION FOR CASH Paul Speargas, a senior client adviser at WMS Partners, a family office and wealth advisory firm in Towson, Md., is looking in some unlikely spots for investments — notably those that do not move in line with the market.
He is a son of Dianne Salama and Dr. Victor Salama of Pikesville, Md .His mother works in Baltimore as a senior vice president and client adviser in a wealth management division of the Bank of America.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com