Goldman Sachs tells bankers to return to office in June

Goldman Sachs has told its UK bankers they need to be ready to return to the office in June.

That is the date on which the government hopes to lift legal limits on social contact in England. While for many working from home has become normal, Goldman boss David Solomon previously described it as “an aberration”.

But rival investment bank JP Morgan is planning for “significantly” less office space, it said in April. Goldman bankers have in large part already returned to the office in parts of the Asia-Pacific region.

But, in India and Latin America “the devastating rise in the number of infections and deaths is leading to new lockdowns and significant strain”, three Goldman top executives said in an internal memo on Tuesday.

However, the bank is “encouraged by the rollout of vaccines” in many places, chief executive David Solomon, president John Waldron and chief financial officer Stephen Scherr said.

-BBC

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