Switzerland’s biggest bank said that the UBS Group will allow most of its staff to mix remote working with time spent in the office. This takes a more relaxed approach than some of its Wall Street rivals.
UBS said that they are committed to offering their employees the flexibility for hybrid working where role, tasks and location allow. They added that the hybrid work options will be introduced on a country-by-country basis, with timing dependent on the local pandemic situation. The Financial Times said that the policy could allow up to two thirds of UBS staff adopt the hybrid working model.
By contrast, the chief executive of U.S. bank Morgan Stanley, said that he expects most of the company’s workers to return to the office by September, at its Manhattan headquarters. JPMorgan Chase & Co and Goldman Sachs have begun bringing employees back to their U.S. offices. The American Express will allow most employees to work from home for up to two days a week.