Asset management firm Fidelity Investments on Monday said it had paused some voluntary return-to-office plans while Morgan Stanley's CEO said he expects COVID-19 to be an issue through the next year, in a further sign that America's financial industry is rethinking its return to 'business as usual.'
A Fidelity Investments store logo is pictured on a building in Boca Raton, Florida March 19, 2016. REUTERS/Carlo AllegriBOSTON/NEW YORK, Dec 13 - Asset management firm Fidelity Investments on Monday said it had paused some voluntary return-to-office plans while Morgan Stanley's CEO said he expects COVID-19 to be an issue through the next year, in a further sign that America's financial industry is rethinking its return to "business as usual.
Mills said he received calls every day last week from companies experiencing COVID-19 outbreaks seeking advice on whether to delay bringing employees back or reinstate mitigation measures, like social distancing. Cases surged after Thanksgiving, and are expected to continue rising and peak in January, he said.
Gorman has been vocal in support of getting staff back to the office. At the firm's U.S. financials, payments and commercial real estate conference in June he said, if "you want to get paid New York rates, you work in New York".
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