Under-siege UBS Australia is seeking to bolt down its top dealmakers with large bonuses that be paid in March next year.
Faced with an unprecedented poaching spree, it is understood UBS Australia co-head Anthony Sweetman, who also runs the firm's investment banking team, has moved to stop the flood of departures with retention payments targeting his top-level dealmakers.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
