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

  • Swiss lender seeks recruiting edge with flexible approach
  • Up to two-thirds of staff can mix working from home and office
Bloomberg business news
WATCH: Sources say UBS will permanently allow as many as two-thirds of its employees to adopt a hybrid work model. Nabila Ahmed reports.(Source: Bloomberg)
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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.