Deutsche Bank’s DWS Splits Up Employees Amid Coronavirus Spread

(Bloomberg) --

Deutsche Bank AG’s asset manager DWS Group has split teams and enforced other workplace measures to limit the impact of coronavirus.

Most of the firm’s staff will alternate between working from offices and their homes on a two-week rotation, according to a spokesman. The firm is also restricting travel, face-to-face meetings and conference attendance until further notice, he said.

DWS, majority owned by the German lender, joins a host of other firms drawing up contingency plans as the world struggles to contain the spread of coronavirus. The number of cases has surpassed 133,000 globally, with more than 4,900 deaths.

Standard Life Aberdeen Plc’s Chief Executive Officer Keith Skeoch said Tuesday the firm was looking at asking employees on its U.K. and U.S. investing teams to work from home by the end of this week.

To contact the reporter on this story: Suzy Waite in London at swaite8@bloomberg.net

To contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Chris Bourke, Patrick Henry

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