Morgan Stanley plans to block unvaccinated employees and guests from entering its New York offices

Morgan Stanley is requiring employees and clients entering its New York offices to be fully vaccinated against COVID-19.

Mario Tama/Getty Images

• 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.
• See more stories on Insider's business page.

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.

"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.

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.

• Read more: Investment banking's labor crunch: A junior banker shortage is forcing rainmakers to do grunt work and firms are lowering the bar for new hires

Read the original article on Business Insider

from Business Insider https://ift.tt/3gYnumv