If you’ve been in the market 36,000 square feet of space- to use in its current form as a trading floor, to create the world’s biggest CandyLand board, or to play a game of Twister with 10,000 people–, you may be in luck in the not completely distant future.
“From a senior UBS’er– they are thinking of moving the whole shebang back to NY. They apparently don’t own the Stamford building anymore, they have space in NYC, higher-ups feel they might be missing business (or who knows, maybe the highest-ups live in NYC and this is an excuse to stop the reverse-commute!) and are having trouble recruiting talent because of the commute (rather than, say, their overall situation).”
definitely the commute that’s hurting recruiting. i mean those damn hedge funds out there get shit talent.
Apparently UBS has run out of ways to make it move.
RBS across the street is stealing all the best and brightest
RBS across the street is stealing all the best and brightest
RBS across the street is stealing all the best and brightest
RBS across the street is stealing all the best and brightest
RBS across the street is stealing all the best and brightest
Using the words “RBS” and “best and brightest” in the same sentence must mean you are new to the business.
The commute is fluid.
I think that was sarcasm.
Working at UBS is the NKI?
Oh wait no nvm, that will never happen.
they have a huge pool of local talent in Stamford!
Why don’t they double down their recruiting efforts at the Stamford Graduate School of Business?
- Analyst from RBS Global Banking & Markets
Where would they go in New York? The ex-Merrill space in the WFC? No way they could fit everyone into the old PaineWebber building at 1285 6th.
Where would they go in New York? The ex-Merrill space in the WFC? No way they could fit everyone into the old PaineWebber building at 1285 6th.
were really not able to get that it’s the commute + the shit pay that hurts recruiting without it being expressly spelled out for you?
were really not able to get that it’s the commute + the shit pay that hurts recruiting without it being expressly spelled out for you?
give up on life.
give up on life.
not getting the obvious sarcasm must mean you are a retard.
not getting the obvious sarcasm must mean you are a retard.
I see what you did there
~ Lleland Jr.
What would happen to the UBS trading hall?
UBS is moving in with its parents. They will now have a trading floor in the basement of a duplex.
+1
Moving a turd a couple of hours away will not change the fact that it is still a turd.
Moving a turd a couple of hours away will not change the fact that it is still a turd.
Moving a turd a couple of hours away will not change the fact that it is still a turd.
Moving a turd a couple of hours away will not change the fact that it is still a turd.
Random Asian mall.
Heard they are moving to the old Member’s Only warehouse.
-Derek Zoolander, Retail sector analyst
Heard they are moving to the old Member’s Only warehouse.
-Derek Zoolander, Retail sector analyst
What is this?!?! A trading floor for ants?!?!
-D. Zoolander
Hedge funds pay hedge fund rates. To work at what is pretty much a second tier IB… and to have to live north of the city and probably in CT to do so… not ideal. I recently took a ride up there from downtown Manhattan… taking the 4/5 to grand central then hopping on a train, not so fun.
I wouldn’t want to rent the place, it’s a mess – littered with doughnuts.
I wouldn’t want to rent the place, it’s a mess – littered with doughnuts.
someone please wake up the UBS Sucks guy and tell him that the monday after the superbowl is not, in fact, a holiday.
someone please wake up the UBS Sucks guy and tell him that the monday after the superbowl is not, in fact, a holiday.
Next move will be to take over the little shack on the corner where the little mini-convenience store resides…MOOOVIN’ on UP!!
Next move will be to take over the little shack on the corner where the little mini-convenience store resides…MOOOVIN’ on UP!!
Next move will be to take over the little shack on the corner where the little mini-convenience store resides…MOOOVIN’ on UP!!
They should turn UBS into a huge pool for Stamford!
Let’s be honest…life is better without that dude trolling all the UBS posts.
You mean UBS doesn’t suck? I was lied to? How can I ever trust bankers again?
- newb
UBS SUCKS
This rumor is totally untrue. UBS is consolidating in Weehawken, in order to appease the windows administrators.
oh NO fuck NO. We have enough from Goldman Sucks
thanks for doing the Gods work!
We are moving our operations to Lebanon, KS so that we can really feel the heartbeat of America.
-UBS Retail Analyst
-1.
Actually make that -15.
apparently sarcasm is a lost art on DB.
If they move to Detroit, they might be able to get some real talent to do an ad for them.
If they move to Detroit, they might be able to get some real talent to do an ad for them.
Weehawken is awesome! All of the inconvenience of a NJ commute, with none of the amenities of Jersey City…BRILLIANT!
excellent backpedaling from your first comment.
are you retarded or just “special”
Rosie Radigan’s is an amenity?
you wrote “definitely the commute that’s hurting recruiting. i mean those damn hedge funds out there get shit talent. ”
ie your sarcasm was directed to the notion that being out in CT would not be an impediment to attracting talent (because, and here’s where the sarcasm comes in, hf’s DON’T ACTUALLY have a problem attracting talent). you were called out on the fact that source quoted didn’t actually need to say that it’s tough to attract talent to CT “when you’re also paying them shit.” but please. continue telling us how your sarcasm was ‘lost’ on everyone.
Eminem will drive them around town in his Chrysler 200
Wait Jersey City has amenities?
-chic who changed jobs when her group got moved to jersey city
All kidding aside, I always wondered: what does it say to your commitment to being competitive, when you don’t even have the confidence to believe you can cover the cost of your own office space in Manhattan? Did they somehow think they would be a magnet out there in Stamford, drawing all the other Wall Street firms out that way?
I have spot in Dallas that won’t be in use over the next several years if you want it.
Shumway had to shut down b/c only morons stuck around, resulting in mediocre returns.
Greenwich is full of stupid juice.
The trading floor will be converted into the new Metro-North railcar repair shop. Fired traders will be given re-training tax credits to learn welding and metallurgy.
Gov. Dan Malloy
The trading floor will be converted into the new Metro-North railcar repair shop. Fired traders will be given re-training tax credits to learn welding and metallurgy.
Gov. Dan Malloy
UBS want to make some fuck, Berserker!
I’m going to spell out what I was saying…if you still think i’m an idiot fair enough.
UBS Higher Ups think the location is hurting their recruiting…it isn’t…what they pay and how they run their company is what is hurting their recruiting.
Hedge Funds don’t have a problem because they pay a lot of money, and run their businesses better.
My comment was directed at the idiocy/narcissism of the UBS higher ups thinking that it’s the commute along that’s hurting their recruiting, rather than their general situation (also stated by the source in his parenthetical comments).
So if you would like to call me an idiot for implying the same thing that the source said, that’s fine, because that’s what I did…HOWEVER, the reply to my original comment that I was responding to…(“were really not able to get that it’s the commute + the shit pay that hurts recruiting without it being expressly spelled out for you?”) I get that the shit pay is what makes it hard, that is why Hedge Funds (which DO have good talent), don’t have a problem…see above.
How will this affect Rebellion Research? They already occupy that property.
Detroit landlords won’t take UBS stock as payment… unlike UBS employees.
Rosie’s closed. It was a too early and did not fit demographic, indian go home straight to the arrangement wife’s
– Munshi Jaypalakarcharkaran in IT
Think Zambonis, only with choreography and elegance, oh, and fleece.
In Soviet Russia, UBS suck too!
amenities is used very loosely…you can eat, get there via train, and be miserable. As opposed to go to the same cafeteria (if they even have one), take a bus, and be suicidal in weehawken.
amenities is used very loosely…you can eat, get there via train, and be miserable. As opposed to go to the same cafeteria (if they even have one), take a bus, and be suicidal in weehawken.
amenities is used very loosely…you can eat, get there via train, and be miserable. As opposed to go to the same cafeteria (if they even have one), take a bus, and be suicidal in weehawken.
amenities is used very loosely…you can eat, get there via train, and be miserable. As opposed to go to the same cafeteria (if they even have one), take a bus, and be suicidal in weehawken.
amenities is used very loosely…you can eat, get there via train, and be miserable. As opposed to go to the same cafeteria (if they even have one), take a bus, and be suicidal in weehawken.
amenities is used very loosely…you can eat, get there via train, and be miserable. As opposed to go to the same cafeteria (if they even have one), take a bus, and be suicidal in weehawken.
obiously an asian
Expanded Beamers.
Expanded Beamers.
Actually it’s a ferry and/or the light rail… and it is attached to a shopping mall (not kidding)
Actually it’s a ferry and/or the light rail… and it is attached to a shopping mall (not kidding)
They’ve been out there forever– Swiss Bank built the original building in something like 1992, way before they decided to try to be a bulge-bracked I-bank and brokerage house.
Has anyone else noticed no matter how many times you play Candyland, you never get any better?
At UBS Stamford, most of the guys who live in the city are those fresh out of college rooming with 3 other recent grads in Hell’s Kitchen or Jersey City. There are of course some people with spouses who work in the city and so they live in the city…most of the senior and mid level managers I know live in Greenwich, Darien, Wilton, Westport, Westchester or even Stamford.
So any move will uproot a ton of people…doubt it’s going to happen. I do know that the 1285 and 299 buildings could squeeze in all the traders and risk guys leaving the wheehawken and JC offices with room for ops, it and controllers.
All the big guns wolf, etc live nearer to stamford than NYC.
That’s where UBS’ers go to get 2 level promotions…
The PATH is a subway / heavy rail, not light rail.
Smart move – usually it is the backoffice jobs that are placed in JC…
they are moving, the fixed income guys (on guarantees) have been bitching about it for a year
PATH doesn’t go to Weehawken; you have to take PATH to Hoboken Terminal and change for the trolley a/k/a Hudson-Bergen Light Rail: http://www.njtransit.com/pdf/LightRail/sf_lr_hblr_map.pdf
The old PWJ backoffice location is truly in an awful location.
I worked there for 4 months, did the reverse commute and put on 15 pounds. Never been more miserable in my life.
There’s a new raft of management out there – ex-Morgan Stanley / Deutsche Bank guys who live in NYC and hate the commute. They’ve got enough power to move chunks of sales & trading but the middle / back office functions would probably stay.
And despite his repeated sightings with the Obama, most everyone internally thinks Robert Wolf is a f–king joke who insists on parking his car in front of the building like a Class A douschebag.
The statement was about Jersey City, not Weehawken…
The statement was about Jersey City, not Weehawken…