Morgan Stanley to bar unvaccinated employees, clients from NY offices

Morgan Stanley to bar unvaccinated employees, clients from NY offices

Major American investment bank Morgan Stanley will be barring employees who are not immunized against COVID-19 from entering its New York offices, according to an internal memo obtained by the Financial Times.

“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 memo reportedly read. Employees who are unable to show that they are fully vaccinated will lose building access.

The memo was signed by chief human resources officer Mandell Crawley. The bank has reportedly already implemented “vaccine-only” workspaces across different business lines.

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The Hill has reached out to Morgan Stanley for comment.

This news comes about a week after Morgan Stanley CEO James Gorman said that employees at their New York branch would be expected to come in to the office soon.

"By Labor Day, I'll be very disappointed if people haven't found their way into the office, and then we'll have a different kind of conversation," Gorman said. "If you want to get paid New York rates, you work in New York,"

"None of this 'I'm in Colorado ... and getting paid like I'm sitting in New York City.' Sorry. That doesn't work," he added.

Gorman clarified that the company would not be "dictatorial" in its policies and would maintain some flexibility in terms of working from home.