UBS dress rule: lenders ought to look like lenders

The UBS outfit rule shows personnel of the Swiss bank how you can outfit for achievement. The highly detailed manual attempts to leave nothing to chance on how to look just like a lender at UBS. UBS, some experts say, released the dress code as part of an effort to repair its reputation after taking a bath in the financial crisis. It’s uncertain that a dress code will improve their image but it is better to try than just taking out pay day loan

UBS trying to conceal with UBS dress code

There is a brand new outfit rule that can be seen at UBS. It looks like a prep school outfit with some fashion. The idea is to blend in to the surroundings with an extreme level of conformity that covers every little thing from underwear to the lunch menu. During the financial crisis, several 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 new style. Five branches are doing it. A change in business, for the good, will make the UBS outfit rule permanent. All Swiss UBS branches will be enforced in it.

UBS trying to dress for achievement

Overall, the UBS dress rule espouses the bland, generic look individuals expect from lenders: 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 isn't okay for either. But Swiss being Swiss, a distinctive wristwatch is standard equipment. Grecian Formula is totally unacceptable. Men will be getting haircuts each four weeks. Women should use light makeup limited to foundation, mascara and “discreet” lipstick. It’s not okay to wear soft fragrances, have garlic breath, have nail art, have trendy eyewear or even to wear cartoon socks. You are also never allowed to wash and iron your own shirts.

More than a dress rule for UBS

In 2007, the financial crisis hit. At that time, UBS had to cut 11,000 jobs and wrote about $50 billion in mortgage related assets down. It was also embroiled in an investigation of UBS tax evasion within the U.S. During the financial crisis UBS reported more losses ($57.3 billion) than any European bank. Clients were lost as top executives left. Oswald J. Grubel, as UBS CEO, spoke with several investors personally. He had to do something to try and stop them from defecting. He says to have been successful. His properly-knotted tie should have been what did it.

Articles cited

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