- Beatriz Martin, UBS Investment Bank’s chief operating officer, told Business Insider the Swiss bank spent 2019 overhauling how its investment bank organizes teams that develop and update technology.
- In 2019, the bank created more than 200 small, multi-disciplinary teams — called hybrid pods — that encompass roughly 1,300 employees spread across the bank that focus on specific goals.
- Martin said increased productivity, not cost reduction, is the goal of the approach. Still, UBS will need fewer progam and project managers to get projects done that it used to thanks to the new structure, she said.
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