(Bloomberg) — UBS Group AG plans to accommodate its investment-banking and buying and selling operations in Credit score Suisse’s New York places of work because the Swiss banking big continues to combine its former rival. 

The investment-banking unit, which incorporates the agency’s markets division, will now be situated at 11 Madison Ave., in New York’s Flatiron District, in line with a memo to employees. Group capabilities, which embrace authorized, compliance and human-resources employees, may even be moved. 

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“As we progress with our integration, we proceed to prioritize alternatives to drive stronger collaboration and ship the very best of our mixed agency to our shoppers,” UBS executives stated within the memo, noting that the plan will probably be applied over 18 to 24 months. 

UBS has begun totally integrating its former rival simply months after it finalized a historic deal that got here after Credit score Suisse virtually collapsed in March. As a part of the combination, the financial institution individually instructed workers in London this week that it’s planning to maneuver some Credit score Suisse employees to UBS’s places of work at 5 Broadgate within the Metropolis of London. 

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In New York, staffers within the international wealth-management division will stay at UBS’s places of work at 1285 Avenue of the Americas, in midtown Manhattan. Workers within the asset-management division and the staffers who help them additionally will probably be situated there. 

The banking big is planning to make solely modest adjustments to Credit score Suisse’s former places of work at 11 Madison Ave., together with updating the buying and selling know-how and guaranteeing that how the workplace is ready up meets UBS’s office requirements. Staffers at 11 Madison may have entry to modernized conference-room amenities, a restaurant and a health heart, in line with the memo. 

“Workers situated at 11 Madison Ave. going ahead is not going to be supplied with twin places of work at 1285 Avenue of the Americas,” in line with the memo. “Workers that will probably be transferring to a brand new workplace location will obtain ample advance discover and help info to make their transition as seamless as doable.”