Goldman to bring US and UK bankers back to power in June – fr

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Goldman to bring US and UK bankers back to power in June – fr


Wall Street giant Goldman Sachs told its bankers in the US and UK on Tuesday that they should be prepared to return to office next month, as the two countries ease restrictions in response to the fall in Covid-19 cases.

U.S. staff have been urged to be ready to report to the office by June 14, while UK employees will be recalled a week later on June 21, according to an internal memo seen by the Financial Times.

In other parts of the world where further progress in the fight against the coronavirus pandemic has been made, such as the Asia-Pacific region, the bank’s offices are almost full of returnees.

“We know from experience that our culture of collaboration, innovation and learning thrives when our employees come together, and we look forward to having more of our colleagues in the office so they can experience it again. regularly, ”said the memo, signed by the bank’s three most senior executives, including CEO David Solomon. The memo was first reported by Bloomberg.

The tenure follows a similar tenure from JPMorgan Chase, in which he told his U.S. staff last week to be able to return to the office regularly in early July, as vaccine deployments and infection rates drop. have given life to many American cities. closer to normal.

Officials in New York, where Goldman Sachs is headquartered, have said they will lift most pandemic-era restrictions on businesses later this month, and the mayor of New York has said he intended to fully reopen the city by July 1.

Senior Wall Street executives have been eager to see their offices return to normal, and some have criticized pandemic-induced work-from-home deals as unsustainable in the long run.

An Accenture study released Tuesday said 78% of finance executives would prefer employees to be in the office four to five days a week when the pandemic is over, but nearly 70% believe their company’s office policies could be an obstacle to competition. Talent.

Goldman Sachs said it was “committed” to giving staff the flexibility to continue to manage both their professional and personal lives, and urged employees who were unable to comply with plans to return to the their division’s job to talk to their managers about it.

The bank also said it will welcome 5,400 interns and junior bankers to its campuses over the next few months so that they can “experience our culture firsthand” after working most of the last year.

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