Market Chatter: HSBC Ends Work-From-Home Setup for Frontline Staff in Hong Kong

MT Newswires Live
03/10

HSBC (HKG:0005) is tightening office attendance rules in Hong Kong, requiring client-facing staff to either meet clients or work from the office five days a week, Bloomberg News reported Tuesday, citing an internal memo.

This new arrangement for traders, sales employees, and other frontline workers will take effect on April 1, the report said.

Managing directors and other senior staff with direct reports are expected to be in the office at least four days a week, while other employees must work on-site at least three days a week, the report said.

HSBC confirmed the memo, with a spokesperson saying many staff already follow similar arrangements, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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