UBS allows more employees to blend in working from home and at work indefinitely

UBS plans to allow up to two-thirds of its affiliates to integrate working from home and office permanently, betting to give the Swiss lender a limitation in Wall Street banking on employment.

The move to a mixed-race brand led by Ralph Hamers and its top executives, according to people who are familiar with the issue, shows the growing difference in the dynamic approach that many US banks have taken.

The Bank of Switzerland has determined that only those who are responsible for their duties in the office due to regulatory and operational responsibilities, such as business and office workers, will have little or no change.

An internal survey of 72,000 workers worldwide revealed that about two thirds of the population were in areas that would allow hybridization, according to people familiar with the matter.

The ideas from UBS are similar to their European counterparts as French Societe Generale, but it is in stark contrast to the approach taken by a number of US banks, including JPMorgan Chase, Goldman Sachs and Morgan Stanley, who have ordered New York workers to return to work.

After a year in which many investors have been working from home offices, living rooms and kitchen tables, the UBS idea suggests that a single legacy of the epidemic could be a divisive issue between European and American banks.

The headquarters of UK banks HSBC is Standard Chartered announced plans to allow workers to work from home or in a “close proximity to the house” area to reduce office traffic and prevent urban mobility.

In an internal message to employees published last week and reviewed by the Financial Times, UBS said “we are committed to providing you with a mix of services (including office and home) where jobs, jobs and space allow”.

However, even employees who have been given mixed work will still need to go to the office to do other things, as agreed with their manager.

The bank, headquartered in Zurich, has not yet set a date for the return of staff. UBS declined to comment.

In contrast, employees at Goldman have been ordered to return to the bank’s headquarters in New York, while JPMorgan employees in the US are expected to relocate to office from July 6.

James Gorman, Morgan Stanley’s senior, has been sitting very strange by inviting staff to return to the office. “If you go to a restaurant in New York City, you can go into the office and we want you in the office,” he said at a recent company event.

Citigroup is one of the largest US banks currently in the process of establishing a mixed-use, with staff that is allowed to work from home for up to two days a week.

Although it moved five years ago to 5 Broadgate, one of the largest buildings in London, UBS has been looking at ways to allow more employees to work from home.

Last year he tried to give London businessmen a home Additional visual effects, allowing them to repeat their experience and work on a number of retail outlets without leaving their homes.