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UBS to hire fewer trainees, spend more on them, to satisfy clients

© Reuters. FILE PHOTO: The offices of Swiss bank UBS are seen in the financial district of the City of London© Reuters. FILE PHOTO: The offices of Swiss bank UBS are seen in the financial district of the City of London

By Elizabeth Dilts

NEW YORK (Reuters) – UBS Group AG (S:) will hire fewer trainees in 2018 but spend two to three times more on teaching them to be financial advisers, a senior executive said, in the latest sign of industry efforts to satisfy wealthier clients and grappl…
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