- Morgan Stanley will require a COVID-19 vaccine for entry at its NY offices, Financial Times said.
- Once the policy goes into effect July 12, all unvaccinated employees will lose building access.
- The bank has already implemented “vaccine-only” work areas, FT reported.
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Morgan Stanley plans to block all workers and guests from entering its New York offices unless they’re fully vaccinated against COVID-19, the Financial Times reported on Tuesday and Insider confirmed.
“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,” Morgan Stanley HR chief Mandell Crawley said in an internal memo, according to FT.
A spokesperson for Morgan Stanley confirmed the details of the policy to Insider.
Once the policy goes into effect, employees who fail to confirm they are vaccinated will lose building access, FT reported.
Morgan Stanley has already created “vaccine only” work areas within some of its teams, including institutional securities and wealth management, according to FT.
Morgan Stanley did not immediately respond to Insider’s questions about how long it plans to keep the policy in place, whether employees may seek an exemption for any reason, and whether the bank plans to expand the policy to other offices.