JPMorgan to Start Bringing More Traders Back to Office Next Week
- Bank said to plan to have 50% of NYC traders back by mid-July
- Returning to offices will be voluntary, happen in waves
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JPMorgan Chase & Co. plans to start returning more traders to its Manhattan trading floors next week as the biggest U.S. bank begins formally reopening offices with New York exiting total lockdown.
The company will bring volunteers back to its 383 Madison Ave. tower in waves starting June 22, ramping up from 20% of sales and trading staff in the office to about 50% by the middle of next month, according to a person with knowledge of the matter. Other parts of the firm are still formalizing their strategies for bringing employees back. JPMorgan spokesman Brian Marchiony confirmed that the bank plans to gradually return traders to the office.