UBS Nears Full Credit Suisse Integration by Finishing IT Project

UBS Group AG has completed the migration of all former Credit Suisse clients to its own systems, marking a substantial step toward finishing the integration of the competitor it bought in a historic deal three years ago.

The lender concluded the shift of former Credit Suisse customers in Switzerland, according to a statement on Wednesday. The bank will now begin “the final phase of the integration” including decommissioning some IT infrastructure, and it’s “on track to substantially complete” that by the end of the year, it said.