UBS has taken on around 200 senior investment bankers from Credit Suisse, snagging dealmaking and trading talent from its rival after the landmark $3.25bn deal pushed through by the Swiss government in March.

The Swiss bank has bolstered its global banking and markets team with 200 managing directors across key markets in the US, Europe and Asia, according to people familiar with the matter. The moves show how UBS has captured key Credit Suisse talent, despite an exodus of senior bankers to rivals and plans to make deep cuts to its investment bank.