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UBS TO OFFER 100% REMOTE WORK OPTION FOR ELIGIBLE US-BASED EMPLOYEES

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The Wealth Advisor Contributor
March 24, 2022

(BUSINESS WIRE) - Today, UBS announced the launch of its Virtual Worker
Framework, a new industry-leading approach to flexible working that will provide
US employees in eligible roles with the opportunity to work 100% remotely. UBS
will begin a phased implementation of the framework over the coming months to
select current and prospective employees across the country.

 * Virtual Worker Framework is an extension and evolution of UBS’s current
   hybrid work model
 * This new, industry-leading approach to flexible working is designed to appeal
   to diverse talent pool and increase retention, while enhancing client service
   
   “UBS has long been a supporter of flexible working and we recognize that many
   employees feel they are more productive and satisfied when they have greater
   control over their schedule"

The Virtual Worker Framework represents a natural extension and evolution of
UBS’s current hybrid work model. In a global survey, 86 percent of UBS employees
stated that they value greater flexibility, including the ability to maintain a
remote or hybrid work arrangement. With continued technology enhancements and
positive adoption of virtual work, the firm is finding new ways to engage with
clients and build trusted relationships.

“Hybrid working has positively reshaped the future of our workplace,” said Tom
Naratil, President of UBS Americas. “We’re reimagining the way we work and
believe this framework will provide an enhanced work-life balance for some of
our employees, appeal to a more diverse pool of applicants and increase employee
retention. We recognize the world has changed and we continue to adapt so that
we can deliver the best for our clients and our people.”

UBS maintains a strong culture which extends beyond a traditional office
environment, enabling colleagues to remain connected to each other and the
business. Employees who participate in the Virtual Worker Framework will benefit
from virtual engagement opportunities, full access to the firm’s technology
platform and applications, and periodic in-person events that will help them
build strong relationships with their teams and clients.



“UBS has long been a supporter of flexible working and we recognize that many
employees feel they are more productive and satisfied when they have greater
control over their schedule,” said Marc Montanaro, Head of Human Resources, UBS
Americas. “Our employees have different needs and demands on their time based on
their location, family and personal life, career stage and other factors – some
of which change over time. This framework will allow employees to more
seamlessly balance their responsibilities at UBS with other parts of their
life."

The Virtual Worker Framework is designed to support employees throughout all
stages of life. In the future, working with their management teams and partners
in Human Resources, employees that participate will have the opportunity to
modify their remote work arrangements in the event they would like to return to
the office or work in a hybrid arrangement.

The framework will be introduced in phases, beginning with eligible Global
Wealth Management roles in the US, and will be aligned with all regulatory
guidelines.

Notes to Editors

About UBS

UBS provides financial advice and solutions to wealthy, institutional and
corporate clients worldwide, as well as private clients in Switzerland. UBS is
the largest truly global wealth manager, and a leading personal and corporate
bank in Switzerland, with a large-scale and diversified global asset manager and
a focused investment bank. The bank focuses on businesses that have a strong
competitive position in their targeted markets, are capital efficient, and have
an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more
than 50 regions and locations, with about 30% of its employees working in the
Americas, 30% in Switzerland, 19% in the rest of Europe, the Middle East and
Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people
around the world. Its shares are listed on the SIX Swiss Exchange and the New
York Stock Exchange (NYSE).


CONTACTS

Media:
Erica Chase



https://www.ubs.com

March 23, 2022


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