05:47 AM EST, 11/11/2025 (MT Newswires) -- UBS (UBS) is delaying the migration of certain ultra-high-net-worth Credit Suisse clients to its own platforms by several months, Reuters reported Monday, citing sources.

The report said the bank had initially planned to complete all client transfers in Switzerland by the end of March.

Some transfers initially planned for September were moved to January, with additional migration waves now scheduled for February and March, people familiar with the matter told Reuters.

While the exact reasons for the delay are unclear, Reuters said one source pointed to heavy workloads among integration teams and potential complications related to clients' year-end tax filings.

Sources also told Reuters that technical issues during earlier transfers - including revised transactions and temporary system outages - may have led the bank to push back the migration of clients in this critical segment.

Separately, UBS was reportedly concerned about higher-than-expected outflows among former Credit Suisse clients as their accounts are moved to its systems, Reuters said.

UBS told Reuters that the migration in Switzerland is "proceeding as planned."

UBS did not immediately respond to MT Newswires' request for comment.

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