UPDATE 1-UBS set to beef up compliance with 350 staff

April 17, 2015 9:23 AM

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ZURICH, April 17 (Reuters) - Swiss bank UBS is set to add as many as 350 compliance staff in Nashville and Krakow over the next two to three years, according to a memo seen by Reuters on Friday.

The move boosts the Swiss bank's compliance and operational risk control department led by Colin Bell to roughly 1,500 people, and comes after a series of costly scandals including a probe into the attempted manipulation of foreign exchange rates.

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