The Swiss arm of UBS is currently advertising around 500 vacancies to external applicants across its business, especially in the private banking and risk management areas, Neue Zürcher Zeitung reports.

Roughly two-thirds of these are to replace staff who have left, with the remaining third being new positions, a source familiar with the matter told WealthBriefing.

The positions to be filled include client advisor roles, as well as others covering a fairly broad spectrum of positions in areas such as risk management, control and accounting, the source continued.

UBS is far from alone in ramping up its recruitment plans as it looks to rebuild its fortunes after the global financial crisis. At the height of the recession hiring plans were put on hold across the industry, with many firms – UBS among them – cutting thousands of jobs internationally. The Swiss banking giant has however been visibly hiring across a number of regions in recent months, particularly for its Wealth Management Americas unit.

For its part, Credit Suisse, UBS’s main Swiss banking rival, is reported to have appointed some 300 wealth management staff in the second quarter.