The Swiss bank now has a dress code.
Apparently a memo went out this morning to equity sales at UBS informing the team that “suits are now mandatory” at the office (“swaps and the quant desk already went to suits and equity trading is switching over in two weeks”). The reason for the rule (which “is coming from Switzerland”)? To “re-establish credibility and a sense of professionalism.”
UBS rocks!
I predict a run on Men’s Warehouse.
Wait for it, wait for it…
All pigs will also be required to wear lipstick.
Lipstick…pig…you get my drift?
excuse you?
- Ben “Jos. A Bank” Bernanke
it is so nice of UBS upper management to have the future of their workers careers in mind, fancy restaurants also require suit and ties for their waiters
Was any of this discussed with a first-year analyst beforehand? If not, I think I’m going to just stick to Bonobos and Vineyard Vines, thank you very much.
No guidance on the size of the tie knot?
It’s spelled WEARhouse
UBS had credibility?
- Confused in CT
Wait, the tie has to be tied?
- J. Simons
The real reason: The number of people changing into a suit in the locker room before leaving for an interview was becoming embarrassing.
had. they’re trying to get it back.
UBS sucks
I’m assuming the suit of chocie will be the UBS SeerSUCKer ?
Not if you’re the king.
-B, Gross
Are pants still optional?
By Suit and Tie, we mean this
- The Circus HR
If you can’t act the part, at least you can dress the part.
I say they beat Citi at its game and hire the debralee banker girl who dresses too hot for banking.
Apparently “credibility and a sense of professionalism” > “profitability”
Chung?
The only way this can be successful is if you wear 2 ties around your neck and 1 tie around your head.
Chaz the Goddess
… does it constitute insider trading if I go long jcpenney?
- UBS Analyst
As I recall, Lehman Brothers thought that wearing suits would improve their professionalism.
Nothing short of a powdered wig can restore their credibility now.
Nothing about skin-colored underwear, wearing wristwatches and not eating garlic? Or that’s Phase II?
You WONT show up wearing a bolo tie.
No balls.
was thinking the same thing…
ticker MW here we go!!
Too soon.
Yes, it is clearly insider trading when you are using non-material public information.
-former AIGFP Quant
Did “Switzerland” really just use the words “credibility” and “professionalism” in the same sentence as “UBS” ??? Really ??
I don’t know of a jcpenny that displays their suits outside.
-BSC Retail Quant
If UBS really wanted to ”re-establish credibility and profesionalism” they should focus on not sucking.
Upgrading from Ringling Brothers to Brooks Brothers is the NKI
Well, considering they don’t get paid, MW may be aiming a bit high. Perhaps a “Dress For Success” affiliate center?
How am i to buy a suit when i get a zero (or near zero) bonus every year. i am to puggy to find the right suit at a consignment shop…UBS MD
Seriously, these guys are so bad i would suggest the equities team not wear a suit, get fired for cause and then sue and actually get paid some money….good luck to the “top 5 foreign firm in the US”….code for number 11 in the US.
Between their new dress code and moving back to NYC, I really think UBS is turning the corner.
-Former LEH quant who used to work in NYC and wear a suit
“During the American Great Depression, men’s suits received a noticeable
revival as men wore suits to remove any doubts of financial instability
and remain positive about the future. In the 21st century, the return of
wearing formal men’s suits to work is now mandatory work attire for
workers of prestigious Wall Street Firms such as Lehman Brothers and
Bear Stearns. As stock prices rise and fall, these legendary brokerage
firms use conservative men’s suit to reassure their customers and media
analysts that their personnel are prepared, professional and competent.”
Deckchairs, Titanic…
Nominated for best of the year.
its pathetic, it is not what you wear, but who is wearing it
Fuck Oswald Grübel. Oswald’s polishing the brass on the Titanic.
-Tyler D.
It’s both.
Do orange jumpsuits count?
UBS. The proud sponser of 2012 NY Fashion Week.
Take your clown suits and shove it, Herr Pavia.
- Switzerland
funny guy…
think Brooks Brothers has a size 56 large for our NA President – Sir wolf?
Lunatics, asylum
Are you suggesting tuxedos should be the preferred daily uniform?
Finally! – I thought we were never going to get there
only one flaw in this argument, who the hell gives interviews to anyone with UBS on their resume?
UBS sucks Dick
You know what else instills a degree of professionalism? Making deals. Maybe UBS, instead of having its employees follow their model of pissing away money, should try that form of professionalism.
Clip-on ties count? Right?
The funny thing is how the new dress code was communicated internally. A lot of techs got it late on Friday, in the form of an email forwarded many times over (“FW: FW: FW: FW …).
It seems that the mid-level managers simply feared the likely derisive reactions from staff and chose to only release the decree at the last minute.
The aforementioned implies that come Monday, credibility and professionalism may not be fully restored, because hundreds of people still may not know about. I will keep this esteemed forum abreast of future developments in this matter.