Blackstone Asks Vaccinated U.S. Dealmakers to Return June 7

Blackstone Group Inc. is asking U.S. investment professionals to return to the office full-time on June 7 provided they are fully vaccinated.

The world’s largest alternative asset manager announced the move internally on Monday. A Blackstone spokesman confirmed the decision.

Financial firms have been preparing for an end to remote work since the earliest months of the Covid-19 pandemic. Apollo Global Management Inc. plans to test giving employees the option of working remotely two days a week through the end of the year, Bloomberg has reported.

JPMorgan Chase & Co. became the first major U.S. bank to mandate a return to offices for its entire U.S. workforce. Last month staffers were told that they would be expected to return by early July on a rotational basis. Citigroup Inc. has said it will start inviting more workers into the office beginning in July. Goldman Sachs Group Inc. told staff they should be prepared to work from offices by mid-June.

Insider earlier reported the decision Monday.

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