07:06 AM EST, 11/11/2025 (MT Newswires) -- (Updates to add UBS comment in the first paragraph and the headline)

UBS' (UBS) migration of ultra-high-net-worth Credit Suisse clients to its platforms in Switzerland is 'proceeding as planned', a UBS spokesperson told MT Newswires on Tuesday, after Reuters reported that some transfers had been delayed by several months.

Reuters said UBS had planned to complete all client transfers in Switzerland by the end of March but has postponed some moves originally scheduled for September to January, with additional migration waves now planned for February and March.

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.