UBS has imposed a partial hiring freeze in part of its wealth management business. At the same time the bank will soon announce the appointment of a financial industry heavyweight as vice president of its corporate client solutions unit. 11.07.2016 · UBS Group AG, the world’s biggest manager of money for rich people, imposed a partial hiring freeze at its wealth-management business to cut costs, said two people with knowledge of.
Swiss bank UBS Group AG is freezing new hires in parts of its wealth management business as part of a restructuring process aimed to cut costs, a source familiar with the matter said on Monday. UBS Group AG, the world’s biggest manager of money for rich people, imposed a partial hiring freeze at its wealth-management business in efforts to cut costs. The freeze follows on the heels of a dismal Q1 profit that sunk -64.0%, which was pinned in large part by a slump at the wealth-management and securities units. Since then, UBS, like many other banks, has consolidated elements of its back-office functionality and investment operations. The wealth management arm of UBSGroup has reportedly implemented a partial hiring freeze. Bloomberg's Jeffrey Vögeli reports that UBS " imposed a partial hiring freeze. Swiss bank UBS is imposing a pay freeze across its investment banking arm as banks across Europe take an increasingly hard line on costs to improve profitability, two sources familiar with the.
09.02.2016 · UBS Group AG has frozen salaries at its investment bank at least until the second quarter when it plans to revisit compensation, according to three people with knowledge of the matter. Where the hiring freezes are. And where the hiring freezes aren't. by Sarah Butcher 27 September 2010 As we noted earlier, there is a hiring freeze at Morgan Stanley until the end of the year. We use two types of online assessments: our UBS Cultural Appraiser and a numerical reasoning test. The UBS Cultural Appraiser will give you realistic, hypothetical work scenarios faced by current graduates. The scenarios are designed to assess how well you align with our culture and values. Bloomberg -- UBS imposed a partial hiring freeze in part of its wealth-management business as part of efforts to cut costs, said two people with knowledge of the matter.
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