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UBS CEO Says Remote Work ‘Here to Stay’ as Clients Move Online

  • Hamers says investment bankers will also work remotely
  • Bank to allow about two thirds of employees to work remotely
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UBS Group AG Chief Executive Officer Ralph Hamers speaks with Bloomberg’s Manus Cranny.(Source: Bloomberg)

UBS Group AG Chief Executive Officer Ralph Hamers said investment bankers will be able to work part of their time from home under a new, permanent hybrid model that the bank is rolling out.

While some roles such as traders will find it easier to work from the office, at least two-thirds of staff in the investment bank should be able to do some of their work from home, Hamers said in an interview with Bloomberg TV Tuesday. Even clients at the lender have signaled they prefer holding some meetings online, rather than coming to the office, he said.