Carlyle Seeks Staff’s Return by September, Many in Hybrid Roles

Carlyle Group Inc. plans to bring most staff back to its offices on a regular basis by September, although many will continue working remotely part of every week for the foreseeable future.

“By the fall, we’ll be able to sort of open all of our offices in a more fulsome way,” Reggie Van Lee, Carlyle’s chief transformation officer, said Wednesday during a Bloomberg Live event. “We are hoping for the fall and being agile in the meantime.”

The private-equity firm is trying “not to be overly prescriptive” when it comes to remote work, Van Lee said. He expects some staff to come in daily, while others do so periodically -- perhaps as infrequently as once a quarter -- to ensure that Washington-based Carlyle is able to keep up with “community building.”

Wall Street is diverging in its staffing expectations, with some executives at the largest banks anxious to get employees back to the office to foster more collaboration and win business. Other firms, like Apollo Global Management Inc. and Two Sigma Investments, have been testing plans for their staffs to work remotely a few days a week as pandemic restrictions ease.

“The bigger reality is that, overwhelmingly, people need to work with others,” Van Lee said. “So I don’t think you’ll find mass swarms of people that will be working remotely.”

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