BBG - 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 week after the winter holidays, according to people familiar with the matter. The move brings the Swiss bank closer in line with other Wall Street banks, more than a year after competitor JPMorgan Chase & Co. kicked off a wave of return-to-office mandates.

The debate over remote work has split American banks from some of their European counterparts, which have been more inclined to let employees maintain a more flexible work schedule.

The Americas remain a key strategic market for UBS, which expects the region to be the Global Banking unit’s largest source of revenue growth in 2026. UBS also won approval this month to convert its UBS Bank USA to a nationally chartered bank, and it plans to expand its offerings for US wealth clients to include payments and checking and savings account services.