Morgan Stanley is one among the companies that requires employees to show proof of COVID vaccination.
Several major financial institutions are now requesting staff to return to work and provide proof of COVID-19 inoculation.
By September, Morgan Stanley CEO James Gorman wants all employees to be in the office.
At an industry conference this month, Gorman said, “If you can go into a restaurant in New York City, you can come into the office.”
Those who have not been vaccinated will be obliged to work remotely, perhaps putting their employment at jeopardy.
The majority of Goldman Sachs’ employees were obliged to return to work on June 14th. Everyone is asked to provide their vaccination status, although documentation is not required.
See the list below for more Associated Press reporting.
The drive to return to the office has its origins in banking culture. Despite years of witnessing modernisation and digital banking, the industry’s top executives continue to function in a culture that values face-to-face interactions for closing business. As the pandemic fades, banks have become one of the major industries pushing for employees to return to work as quickly as feasible.
In a memo to employees earlier this month, Goldman Sachs executives wrote, “We know from experience that our culture of collaboration, innovation, and apprenticeship thrives when our people come together, and we look forward to having more of our colleagues back in the office so that they can experience that once again on a regular basis.”
This isn’t the first time a bank has attempted to return employees to work during a pandemic. JPMorgan Chase CEO Jamie Dimon tried to compel traders to return to work in September 2020, long before a vaccination was available. Several traders were infected with COVID during the experiment, which lasted less than a week.