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Deutsche Bank has told its nearly 1,500 US investment bank employees that they should return to the office in early September, as it became the last Wall Street lender to explain its policy. back to work.
In an internal note, Drew Goldman, head of hedging and investment banking advice at Deutsche, and James Davies, head of U.S. investment banking, told staff that all U.S. bank teams should goal to continue working in the office no later than Holiday 6 September.
“If you are currently working remotely, start planning accordingly with your team and manager to re-establish an office presence before or before that date,” Goldman and Davies wrote in the Financial Times note.
Deutsche’s schedule is approaching gradual approach favored by European banks rather the more aggressive attitude of returning to the office adopted by colleagues based in the US.
JPMorgan Chase and Goldman Sachs have re-called all U.S. staff at their offices as early as this month, while HSBC and Société Générale are returning to the office more closely.
A faster rate of vaccinations in the U.S. has allowed New York to get out of blockade restrictions faster than some European financial centers.
In a note to the German lender’s global investment banking staff, Deutsche outlined its focus on what kind of employees will need to be in the office five days a week compared to those who will have a greater degree of flexibility. using a hybrid model. .
The so-called risk-takers who invest the bank’s capital are likely to return to Deutsche’s offices full-time, while “customer-oriented” staff will be allowed to work remotely approximately one day a week. Sometimes support staff will also be allowed to work remotely.
Deutsche is relocation of staff to New York to a 1 m² building in Columbus Circle, near Central Park, from its existing offices at 60 Wall Street.
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