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ZURICH: UBS will announce changes to its third level of management within the next 20 days, the Swiss bank’s chief executive said at Point Zero Forum in Zurich on Tuesday.

UBS expects to seal Credit Suisse takeover as soon as June 12

Sergio Ermotti said the first two management levels at the bank have already been established and the upcoming announcements will give up to 1,500 employees clear responsibilities.

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