UBS to Allow Some U.S. Employees to Work Remotely Full-Time

UBS Group AG will allow some of its U.S. employees to work remotely full-time, offering flexibility to staff as it seeks to lure and retain talent.

The Swiss bank expects about 10% of its workers in the U.S. to go remote as the program is implemented in phases, starting at the wealth unit, Tom Naratil, president of UBS Americas, said in an interview. About 10% to 15% will be in the office full-time, while more than 70% will be in hybrid roles. Of the firm’s more-than 20,500 U.S. employees, about 800 currently work remotely.

UBS is adapting as U.S. ...