Morgan Stanley employees must be fully vaccinated against COVID-19 before they can return to their New York offices, according to reports Tuesday.
Citing an internal memo, both the Financial Times and Bloomberg News reported that the bank had notified its employees of the new policy, which will take effect July 12.
While an "overwhelming majority" from Morgan Stanley
Workers have already confirmed their vaccination status, those who haven't will lose access to the building, the memo says. Customers and visitors must also be fully vaccinated to enter the buildings.
Also read: Employers can request COVID-19 vaccine for workers returning to office, the government says
The policy of reopening offices seems to be some of the strictest among the big banks. While Goldman Sachs Group Inc.
and JPMorgan Chase & Co.
have mandated that almost all workers return to the office within the next month and no vaccinations are required. BlackRock Inc.
said last week it would require its returning staff to be fully vaccinated.
Morgan Stanley has announced that it will offer hybrid work schedules through Labor Day.
But last week, Morgan Stanley CEO Jamie Gorman said in a virtual conference that all employees should expect to get back to their offices by the fall. “If you can go to a restaurant in New York City, you can come to the office. And we want you in the office, ”said Gorman. "If you want paid plans in New York, work in New York," he added. "None of the 'I'm in Colorado … getting paid like I'm in New York City'. That will not do."