UBS said to boost bonuses, Morgan Stanley said to reduce deferrals

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Bonus news.

Bloomberg News reports that UBS is boosting annual bonus payments to investment bankers in Asia by about 10% for 2013, fuelled by higher revenue from arranging sales of stocks and high-yield bonds, according to two people with direct knowledge of the matter.

While the pool of money to pay bonuses is rising 10%, some top performers will get larger increases and others could get less, one of the people said, asking not to be identified because compensation decisions aren’t public.

In the meantime, Bloomberg reports that Morgan Stanley, which deferred 100% of 2012 bonuses for many senior bankers, will pay out some bonuses for last year’s performance in immediate cash, according to a person briefed on the plan.

The bank will still defer at least half of bonuses for any employees who have both total pay of at least $350,000 and incentive pay of $50,000, said the person, who asked not to be named because the policy isn’t public.

UBS Said to Boost Asia Investment-Bankers Bonuses by 10%

Morgan Stanley Said to Reduce Bonus Deferrals for Top Bankers

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