(Adds details on “return to office” policies of other Wall Street banks)
Sep 1 (Reuters) – Jefferies Financial Group prefers its staff back in the office to work together rather than in “isolated silos” to make the most of the final quarter of the year, chief executive Richard Handler said on Thursday in a letter. .
“As long as Covid continues to be manageable, we need everyone in our offices consistently so that we can truly maximize our fourth and final quarter and the future ahead of us,” Handler said https:// www.sec.gov/Archives/edgar/data/96223/000119312522235672/d398267dex991.htm.
“Let’s all appreciate that together, rather than in solitary silos, we can do our best to end the year the right way,” he added.
Handler said investment banking employees were also free to work in a hybrid format when needed.
Wall Street’s biggest financial firms have been among the most proactive in initiating the return to power, however, plans were derailed by the outbreak of the highly contagious Omicron variant of the coronavirus earlier this year.
Goldman Sachs Group Inc called its employees back to the full-time office in June last year, Morgan Stanley and JPMorgan are mostly back as well, while Citigroup has a hybrid arrangement.
Goldman Sachs will lift pandemic-era protocols beginning Sept. 6, allowing employees to enter its Americas offices regardless of their vaccination status, except in New York and Lima, according to an internal memo reviewed. by Reuters this week.
Morgan Stanley also informed its New York metropolitan staff in a memo last week that it would end all COVID testing and monitoring requirements beginning Sept. 5. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shinjini Ganguli)
Comments are closed.