UBS rolls out bonus for young bankers facing pandemic pressures

ZURICH: UBS has introduced a new promotion bonus for junior investment bankers as part of measures it hopes will keep young staff working through the COVID-19 pandemic engaged and healthy.

Switzerland's biggest bank, which is the world's largest in wealth management, also said it was boosting recruitment to help lessen the workload for junior staff and adding programmes focused on physical and mental health. "We know that maintaining your work-life balance is challenging given the demanding deal pipeline and existing remote working environment," Global Banking co-heads Ros Lesperance and Javier Oficialdegui wrote in a memo seen by Reuters and confirmed by UBS.