Top-tier investment bank JPMorgan, led by well-respected CEO Jamie Dimon, required its traders, bankers, brokers and research analysts to return to its offices by Sept. 21, after being allowed to work from home for the last six months.
The bank claims that it’s essential to have people return to its offices. Wall Street runs on access to information and intelligence. Working closely together builds a network that affords the opportunity to share ideas and strategies in real time. Traders, bankers, brokers, compliance, human resources and other personnel rely upon daily discussions and interactions to conduct their jobs. Young employees need mentors, guidance and direction. The synergy, according to JPMorgan, is diminished when its people are disconnected from one another.
The same week the return-to-work command was made, JPMorgan sent home some of its traders after an employee in the equities trading trading division contracted Covid-19. In response to the