UBS, Switzerland's largest bank, plans to permanently allow up to two thirds of employees to adopt a hybrid model of working from home and the office, according to the Financial Times.
"We are committed to offering you the flexibility for hybrid working where role, tasks and location allow," the newspaper reported, quoting an internal bank message sent to staff last week.
By doing so, the lender is seeking to gain an edge over its Wall Street counterparts in recruitment, the FT said.
This approach contrasts with that of many big banks in the US that are ramping up pressure on employees to return to the office as the pace of vaccinations picks up in the world's biggest economy.
Goldman Sachs requires almost all US employees to report to their desks, JP Morgan Chase wants US staff back in the office from July 6 while Morgan Stanley chief executive James Gorman told employees: "If you can go to a restaurant in New York City, you can come into the office and we want you in the office."
Citigroup is one of the few large US banks to introduce a hybrid working model.
The UBS move is being led by chief executive Ralph Hamers, according to the FT.
Two thirds of the Zurich-headquartered bank's 72,000-strong global workforce were in positions suitable for hybrid working. However, some supervisory roles, traders and branch staff will have to work from site, according to the newspaper report.
The bank has not set a date for when staff will be required to return to the office. Employees offered hybrid working will still be required to attend the office for certain activities, as agreed with their manager.
6 UNDERGROUND
Director: Michael Bay
Stars: Ryan Reynolds, Adria Arjona, Dave Franco
2.5 / 5 stars
MATCH INFO
Barcelona 2
Suarez (10'), Messi (52')
Real Madrid 2
Ronaldo (14'), Bale (72')
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COMPANY%20PROFILE
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What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
RESULT
Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')
