2025-04-30T17:38:11Z

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Bank of New York Mellon Corporation, widely recognized for its pivotal role in assisting financial clients with the clearing and custody of securities, has recently made a significant policy shift regarding remote work. In a comprehensive memo directed to all employees, the firms executive committee announced that starting September 2, 2025, employees will be required to return to the office four days a week.

The memo, which has been reviewed by Business Insider, indicates that this new attendance requirement follows a period during which BNY Mellon has already mandated employees to be present in the office three days a week since 2023. Additionally, managers at the firm were previously called back to the office four days a week earlier this year, setting a precedent for the upcoming changes.

This move aligns with a broader trend among various major companies, including industry giants such as Amazon and AT&T, who are increasingly requesting their workforce to revert to pre-pandemic work norms. On Wall Street, similar initiatives are taking shape: earlier this year, JPMorgan Chase reinstated a five-day workweek in the office, which has led some employees to explore unionization options or to seek employment elsewhere due to dissatisfaction with the change.

The memo delivered by BNY's executive committee underscores the firms belief in the importance of community and corporate culture, emphasizing that increasing in-person interactions is vital for fostering collaboration. The leadership articulated that a strong culture necessitates more time spent together, enhancing both teamwork and individual learning opportunities.

Despite the new requirement for more in-office days, BNY Mellon reassured its workforce of over 51,000 employees that there are "no plans" to mandate a five-day workweek. The bank will still allow employees some personal flexibility, including the opportunity to work remotely for two weeks each yeara perk the firm has termed work from anywhere.

Furthermore, the bank previously instituted a two-week recharge period around the end of each year, during which employees can work remotely without the burden of non-essential meetings, allowing them to focus on their mental and physical well-being.

The memo states: As we continue to place even more emphasis on our community and culture, we believe that it is important that all of us spend more time together working, leading and learning from each other. As a result, we have decided that it is appropriate to ask all employees to return to the office four days a week by September 2, 2025.

Additionally, the leadership emphasized their commitment to maintaining personal flexibility, stating: We will continue to support remote work one day a week. We have no plans to return to five days in the office unless circumstances were to demand otherwise.

The memo also highlighted the ongoing investments the firm is making to modernize its offices and workspaces, ensuring that they provide a world-class experience for employees. It stresses that working together in person enhances collaboration and efficiency, enabling the team to respond swiftly to the dynamic and fast-paced nature of financial markets, ultimately better serving their clients.

While the firm anticipates all employees will return to the office four days a week by the specified date, it has already made its offices available for employees to come in as frequently as they prefer. One BNY is more than an idea or a concept it's a culture, and culture is made up of people. Which means all of us. Thank you for your commitment to our clients, our company, and our community, and to this next step on our journey to Thrive Together.

The Executive Committee