veteran City of London boss says would-be traders should be prepared to keep coming into the office and working long hours, despite the new vogue for flexible working.
Andrew Monk, CEO of VSA Capital, said flexible working “wouldn’t end well” for City firms like his.
He told the BBC’s Today programme: “If that’s the sort of lifestyle you want, then don’t come in to the City, which is fairly high powered and long hours. You’re probably in the wrong job anyway.”
Monk added: “We’re much more productive when we are all in the office together. We have quite clear proof. Where we do fundraising, when we have one-on-one meetings with clients, we raise far more money than on Zoom calls.”
His views chime with those of BT boss Philip Jansen, who told the Standard last month: “If you are never in the office, you won’t make it around here.”
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Your Christmas shopping guide to ChelseaIn May, JP Morgan boss Jamie Dimon said working from home was bad for business and bad for young people and those who “hustle”.
“People don’t like commuting, so what?” he said.
