This summary text is fully AI-generated and may therefore contain errors or be incomplete.
In this opinion piece, the author, who goes by the pseudonym Bruno Allard, shares their perspective on the differences between working at Credit Suisse and UBS. According to Allard, UBS is primarily a wealth manager rather than an investment bank, and they find it to be slower and less impressive compared to Credit Suisse. Allard criticizes the layers of administration at UBS and the lack of hands-on experience among the technology team leaders. They describe the working environment at Credit Suisse as lean, fast-moving, and driven by a culture of paranoia. Allard suggests that the collapse of Credit Suisse could have been avoided with better senior management. They explain that many senior Credit Suisse employees are leaving to join algorithmic trading firms or hedge funds, while UBS employees may not have the same options. Allard concludes by emphasizing that their opinion is personal and does not reflect the opinion of eFinancialCareers.