UBS outfit rule defines banker chic

The UBS dress rule shows personnel of the Swiss bank how to outfit for success. In painstaking detail, the UBS outfit code outlines how its army of suits must dress for achievement. UBS is making a concerted public relations effort in the wake of record losses during the financial crisis and the outfit code is part of that campaign. It is uncertain that a dress code will improve their image nevertheless it is safer to try than simply getting personel loans. Article resource – UBS dress code: dull Swiss bank conformity in excruciating detail by MoneyBlogNewz

Making up for past with new UBS outfit code

The UBS dress code is a style manual fit for a prep school with just a little bit of fashion and beauty advice thrown in. Conformity that covers up is what is being done with the outfits. They’re meant to blend into the surroundings. During the financial crisis, many were burned by UBS. In order to reach out to those previous clients, the UBS dress rule has been enforced. You will find tests in Switzerland for the brand new style. Five branches are doing it. A change in business, for the good, will make the UBS dress code permanent. All Swiss UBS branches will be enforced in it.

UBS changing dress to ideally do better

Overall, the UBS outfit code espouses the bland, generic look people expect from bankers: dark suits for men, neutral outfits for women. It’s not ok to wear short, tight skirts. Men are not allowed to wear earrings while flashy jewelry is not okay for either. It is expected that you will find nice watches though, as it’s the Swiss. Each and every four weeks, men will get haircuts while it isn't okay for Grecian Formula. The make up for women to wear is very limited. Only foundation, "discreet" lipstick and mascara can be worn. Other standards contain no cartoon socks, trendy eyewear, nail art, strong fragrances or garlic breath. And never, ever wash and iron your shirts yourself.

Other things required for UBS to succeed

UBS cuts 11,000 jobs and wrote down about $50 billion in mortgage related assets when the financial disaster hit in 2007. It was also embroiled in an investigation of UBS tax evasion in the U.S. $57.3 billion was reported by UBS during the financial disaster as losses. No other European bank had that many. Several of the top executives left the financial institution. Clients went with them too. To keep investors from defecting, UBS CEO Oswald J. Grubel had to plead with them personally. He says to have been successful. It should have been his properly-knotted tie.

Citations

Wall Street Journal

online.wsj.com/article/SB10001424052748704694004576019783931381042.html?mod=googlenews_wsj

Business Insider

businessinsider.com/ubs-dresscode-clothes-bank-2010-12#

New York Times

nytimes.com/2010/02/10/business/global/10ubs.html