Evercore Co-CEO Wants Young Bankers Back in the Office by Summer

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Evercore Inc. Co-Chief Executive Officer Ralph Schlosstein said he’s looking to have his staff back in the office as soon as possible, though there will continue to be some flexibility.

“It is very much our goal to be back in the office together -- hopefully to even have some of our trainees this summer at least be partly in the office,” he said Tuesday in a Bloomberg Television interview. “We’re encouraging everybody to get vaccinated as soon as they’re permitted to do so. Requiring that is complicated because there are certain people whose religious or other beliefs make them reluctant to do that.”

Wall Street giants including JPMorgan Chase & Co. and Goldman Sachs Group Inc., two of the world’s biggest merger advisers, are seeking to bring staff back, and in some cases are planning for hundreds of interns to be in main city offices by the summer. Evercore, also one of the top 10 advisers on takeovers globally, is seeking to capitalize on a booming market for dealmaking.

“We at Evercore are passionate believers that our business is a business of human interaction and apprenticeship and mentorship,” Schlosstein said. “On a case-by-case basis, we can and will be flexible. I’m hopeful that, in our industry, this allows for longer careers for both females and males who are very actively involved in their children’s upbringing, who can still be active in our business, and be home from time to time as well.”

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