|Earlier this month, Morgan Stanley chief executive James Gorman said: "If you can go into a restaurant in New York City, you can come into the office." (Photo by= Reuters)|
[Asia News = Reporter Reakkana] Wall Street giant Morgan Stanley's staff and clients will be barred from entering its New York offices if they aren’t fully vaccinated against Covid. According to a person familiar with the matter, unvaccinated employees will need to work remotely.
The policy comes into effect next month, in a move aimed to allow the lifting of other Covid-related rules. Last week, the investment bank's chief executive called on workers to return to the office. An internal memo, first reported by the Financial Times, said: "Starting July 12 all employees, contingent workforce, clients and visitors will be required to attest to being fully vaccinated to access Morgan Stanley buildings in New York City and Westchester."
The BBC understands the move will allow the company to remove restrictions in offices on face coverings and social distancing. The policy currently operates on an honour system, but the bank may later decide to require proof of vaccination status. Morgan Stanley had already implemented so-called "vaccine-only" workspaces in some departments, including institutional securities and wealth management. It came as a number of banks are taking a tough position on home-working. Meanwhile, Jamie Dimon, the boss of America's biggest bank JP Morgan, recently said he wanted US staff back in the office from July.