UBS Combining Offices?

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Jun 17, 2009 10:29 pm

I just heard from a reliable source that UBS is strongly considering "complexing"/combining offices in the near future.  In other words, if 4 or 5 branches are within a let's say a 50 mile radius, they are planning to combine them into a centralized location to save $.  The source had no details on time or locations-- Can anyone either fill in the blanks or debunk this?


Thanks in advance,
 
LA
Jun 18, 2009 6:06 am

Complexing is one manager who has responsability over offices that arer close together. For instance, if you had 4 offices in Orlando Fl;orida one manager would have the other three managers reporting to him. Then the complex manager reports to market area manager who reports to the regional manager who then reports to Jamie Price. My understanding is that they are going to do this.



With regard to office consolidations, I assume that they are going to do this were it is appropriate.

Jun 18, 2009 9:57 am

Combining offices and/or complexing would still be a departure from normal operations at UBS.  Edward Jones supervises producers in the field from the mother ship in St. Louis.  That would be an extreme, but.....

 
LA
Jun 18, 2009 8:43 pm

Wachovia is complexed, Morgan Stanely is complexed, ML has always been complexed, and Smith Barney is complexing. It makes sense that UBS will do the same.

Jun 18, 2009 9:30 pm

Wirehouses give me a complex!

Jun 19, 2009 1:44 am
nestegg:

Wirehouses give me a complex!



Amen, brother!
Jun 19, 2009 4:00 pm

But  U  Been Screwed is one of the worlds best Capitlized banks so the say

 
How many people beleive anything they say?
Jun 19, 2009 9:14 pm
Lew Ashby:
nestegg:

Wirehouses give me a complex!



Amen, brother!
Plus a hundred!!! I am so freakin glad to be out of that environment that its not funny. I havent slept this well in years!
Jun 19, 2009 9:16 pm
Greenbacks:

But  U  Been Screwed is one of the worlds best Capitlized banks so the say

 
How many people beleive anything they say?
Second only to Vik P and the boys from Citicrap!