Pros
Nice office in IFC2 Nespresso coffee Great perks for senior management - Free Country Club membership for MDs, extra holiday Good opportunity in HK for below average Swiss bankers to get promoted
Cons
- Constant change - new managers, team members cut, teams merged - it feels like a headless chicken is running HK sometimes - Long hours for junior staff - Salaries are way below HK market rates for locals - Old fashioned processes - made to perform compliance controls that seem like they are from the 1990s - Culture is still an issue - the IB still has issues a la Kweko Adeboli and Tom Hayes - if anything goes wrong, be prepared to be a scapegoat so management can be protected - UBS is potentially going to be banned from sponsoring IPOS due to misconduct - expect big cuts when this happens