A new pay structure unveiled by UBS AG Monday is the latest indication the Swiss bank is choosing to focus on financial services for the wealthy over high-risk but high-return investment banking.

Heavy restrictions to be imposed on bonuses for traders and risk-takers - which can make for the majority of their yearly pay - make UBS a less attractive place to work. Though the crackdown is aimed at trading arms haunted by major write-downs this year, analysts say it will also lead to the loss of other, particularly successful traders as well.