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Is working from home dead for dealmakers? ‘The debate has moved on’

Dealmakers have quickly reverted to their hectic schedule of in-person meetings, regular flights to pitch deals and burning the midnight oil in the office

'It’s a people business and you need to build relationships. It’s hard to do that entirely remotely'

Mike Kemp/Getty Images
By
Paul Clarke

When the UK government lifted Covid-19 restrictions on 19 January, the world’s biggest investment banks were quick to ask dealmakers to get back to their desks.

Goldman Sachs reverted to five days a week for most bankers, Financial News reported, as did Bank of America. At JPMorgan, UK staff were asked to switch to a “permanent mindset”, with bankers and traders largely expected to be in the office full-time.

Nearly...