UBS Americas Brings Junior Bankers Back to Office 5 Days a Week

UBS Group AG ordered its US-based junior investment bankers back to the office five days a week, as the Swiss lender pursues an ambitious expansion strategy in the region.

The new policy, communicated to staff on March 10, applies to all workers in UBS’s Global Banking division unit in the Americas, with the exception of support staff, according to a memo viewed by Bloomberg News and confirmed by a company spokesperson.

UBS’s decision brings its office requirement for junior bankers in line with its expectations for senior staff, who were asked to begin coming into the office five days a ...