UBS is set to overhaul a key aspect of its recruiting deals in the coming year, signaling a shift away from a feature that guaranteed experienced brokers deferred bonuses, irrespective of their revenue growth.
According to insights from industry headhunters, UBS managers have communicated that the firm will return to a more conventional bonus structure in 2024. Under this revised formula, brokers joining UBS will need to increase their production by a specific amount to qualify for additional back-end bonuses.
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