06/29/2021

UBS to Let Two-thirds of Employees Adopt Permanent Hybrid Work

Swiss lender seeks recruiting edge with flexible approach

UBS Group AG will permanently allow as many as two-thirds of its employees to mix working at home and the office, as it seeks a recruitment edge over some Wall Street banks taking a more hardline approach.

The lender’s move is being led by Chief Executive Officer Ralph Hamers, according to internal memos seen by Bloomberg. The bank’s internal analysis shows that two-thirds of its workforce are in positions suitable for hybrid working, while some roles, such as traders and branch staff, will have to work from site.

No date for a return to the office has been set. Employees can start applying for hybrid working as soon as local pandemic rules allow for a return full-time to the office. So far staff in Australia, China, Hong Kong, New Zealand and Taiwan can begin such discussions, according to a person familiar with the matter.

Please select this link to read the complete article from Bloomberg.