Deutsche Bank CEO Christian Sewing and JP Morgan CEO Jamie Dimon

Summary List PlacementVanguard

Vanguard Group is the latest bank to adopt a hybrid work model as it prepares to send staff back to the office, Bloomberg first reported on Tuesday.

Mostof its 17,300-person workforce will be able to work remotely on Mondays and Fridays, the Pennsylvania-based asset manager told Bloomberg.

“The pandemic has affected so many aspects of our lives, and how we work is one of them,” a spokesperson said in an email to Insider.

“Vanguard will pursue a working model that will blend increased flexibility with the known benefits of in-person collaboration.”

The vast majority of staff will work under a hybrid model, the spokesperson added.

Deutsche Bank

Deutsche Bank is planning to let employees work from home for up to three days a week.

A spokesperson from Germany’s biggest bank confirmed the plans to Insider. They said that “office space would function in a new way” and would be “designed and reinvested in” to support the new way of working.

James von Moltke, the bank’s chief financial officer, told Bloomberg on Wednesday that “it will really be up to the employee, but in a structured way with the manager so we know when people are expected to come to the office.”

He said its offices in London and New York could reopen in the next several months.


HSBC CEO Noel Quinn said in April that the bank will have a more hybrid style of working once staff start returning to the office, where people can work both at home and in the office.

“Most of our roles could be done in a hybrid way – and that includes myself and the executive team of the Bank,” Quinn said in a LinkedIn post.

He also said that he and his leadership would work on “a fully open plan floor with no designated desks” when they return to the office.

Executives will no longer have their own offices on the 42nd floor of the Canary Wharf office in London. Instead, they’ll hot desk with other colleagues, he said.

“Having spent more than a year working from home, the last thing I want is to be stuck in an individual office when I return to the building,” Quinn said in the LinkedIn post.


Citigroup has made an effort to improve staff well-being during the pandemic by launching “Zoom-Free Fridays” and a “Citi Reset Day” once a year.

Now, it wants to implement a hybrid work model as it …read more

Source:: Business Insider


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Here are 6 finance giants, including Deutsche Bank and Citigroup, which are embracing a hybrid work model as staff return to work

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