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Effective URL: https://www.fnlondon.com/articles/jefferies-calls-senior-dealmakers-to-return-to-the-office-to-mentor-abandoned-juniors-2...
Submission: On May 04 via api from CH — Scanned from DE
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Skip to main content Financial News Reliability in times of volatility Try 30 days for £40 Sign InSubscribe * News * Commentary * Asset Management * Investment Banking * Crypto * People * Newspaper * Events * Lists Subscribe Already a subscriber? Sign In MOST READ FCA STRIKE SEES STAFF PICKET STRATFORD HQ: ‘HEY, HEY, FCA MUCH MORE WORK AND MUCH LESS PAY’ FCA HIRES EX-GOLDMAN SACHS MD AS NEW-LOOK SENIOR TEAMS TAKE SHAPE FCA ORDERS TERRY SMITH’S FUNDSMITH TO CONDUCT A REVIEW OF OPERATIONS GOLDMAN SACHS BOSS DAVID SOLOMON: RETURN TO THE OFFICE COULD TAKE YEARS JEFFERIES CALLS SENIOR DEALMAKERS TO RETURN TO THE OFFICE TO MENTOR ‘ABANDONED’ JUNIORS * Investment Banking JEFFERIES CALLS SENIOR DEALMAKERS TO RETURN TO THE OFFICE TO MENTOR ‘ABANDONED’ JUNIORS THE BANK SAID THAT JUNIORS ARE MISSING OUT ON LEARNING OPPORTUNITIES JEFFRIES HAS ASKED ITS SENIOR BANKERS TO RETURN TO THE OFFICE ‘ENTHUSIASTICALLY AND WITH PURPOSE’ James Leynse/Getty Images By Paul Clarke * * * * * Tuesday May 3, 2022 12:38 pm Jefferies has called on its senior bankers to return to the office to help mentor those in the junior ranks after a prolonged period of working from home during the Covid-19 pandemic. The US investment bank has asked its senior bankers to return to the office “enthusiastically and with purpose” in a bid to help its “abandoned” juniors learn the ropes as well as encouraging “critical mass days” within its offices as part of its efforts to improve mental health among its employees. “Many of our mid-level and junior colleagues are justifiably feeling abandoned," a letter from chief executive Rich Handler and president Brian Friedman said. “They need to be in your physical presence and be exposed directly to your experience, perspective and humanity. They need to learn the nuances of what makes every senior person successful, and they need to be able to emulate positive role models.” READ Jefferies launches new European agriculture team with Rabobank hire Jefferies has so far avoided imposing top-down company-wide edicts to unwind remote-working arrangements as some of its large rivals, including Goldman Sachs and JPMorgan, have largely had dealmakers working from the office full-time for months now, according to people familiar with the matter. However, the letter has called on its senior dealmakers to make “some sacrifice” by returning to the office more regularly. “They need to spend time at lunches and dinners with you and your clients. They need to be in person when pitches happen,” the letter said. “They need to see a big trade or deal get executed in a truly collaborative manner on the trading floor. They need to be told real-time when they make a mistake and how to anticipate and correct it. Basically, they need every single thing that you and the two of us needed when we were in their shoes. “Now we need you not only to return to the office but do so enthusiastically and with purpose to give back to those who have worked so hard to support you these past few years. They need this from you, and we cannot do it without all of you.” To contact the author of this story with feedback or news, email Paul Clarke FILTER BY TOPIC See All * Accountancy * An Audience With * Brexit * Fintech * Asset Management * Investment Banking * Legal Services * ESG * Politics * SPACs * Crypto * Trading * Regulation * Private Equity * Webcasts * View * Lists Article continues below Article continues below MOST READ FCA STRIKE SEES STAFF PICKET STRATFORD HQ: ‘HEY, HEY, FCA MUCH MORE WORK AND MUCH LESS PAY’ FCA HIRES EX-GOLDMAN SACHS MD AS NEW-LOOK SENIOR TEAMS TAKE SHAPE FCA ORDERS TERRY SMITH’S FUNDSMITH TO CONDUCT A REVIEW OF OPERATIONS GOLDMAN SACHS BOSS DAVID SOLOMON: RETURN TO THE OFFICE COULD TAKE YEARS JEFFERIES CALLS SENIOR DEALMAKERS TO RETURN TO THE OFFICE TO MENTOR ‘ABANDONED’ JUNIORS © 2022 FINANCIAL NEWS The News Building 1 London Bridge Street London, SE1 9GF MY ACCOUNT Subscribe Sign In ABOUT Feedback Contact Us FAQ Media Kit Financial News Custom Studios Privacy Notice Cookie Notice Copyright Licenses Terms & Conditions Accessibility Statement Corrections Tips SECTIONS News Commentary Asset Management Investment Banking Crypto People Newspaper Events & Awards Fintech Lists