News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Senior banker: ‘If rivals see clients face-to-face, we’re pressured to do the same’

Finance bosses including ex-Barclays CEO Bob Diamond say the pandemic has changed office work forever — except in banking

Thousands of City executives worked from home in 2020 due to the coronavirus crisis
Thousands of City executives worked from home in 2020 due to the coronavirus crisis Photo: Getty Images

High-flying investment bankers came back down to earth in 2020 — literally. As the pandemic hit the City, thousands of dealmakers went from spending most of their lives on a plane to meeting clients via video chat from a spare bedroom.

Nine months on, and the question remains as to whether office work has been revolutionised forever. But for banking — an industry that prides itself on long hours and close client relationships solidified via in-person meetings — talk about the end of the office is premature.

WSJ Logo