The president of UBS Americas said the Swiss bank expects about 10% of its U.S. employees to work remotely full time once it implements a new flex work program.
The rollout of the plan will come in phases, beginning in the bank’s wealth unit, UBS’s Tom Naratil told Bloomberg on Wednesday. That means some of UBS’s newest additions will be among the first to benefit. UBS’s wealth-management silo is where Wealthfront will land when the Swiss bank’s $1.4 billion acquisition of the robo-adviser finalizes — a development expected in the second half of this year.
