Morgan Stanley Extends Remote Computing Access
Morgan Stanley Wealth Management has given remote computing access to all members of teams, including analysts and junior associates, so that they can work from home during the coronavirus threat.
The technology extension is one of many that firms and regulators are making to further the goal of containing the spread of the highly contagious coronavirus and reducing density in offices.
Morgan Stanley’s wealth management offices remain open for client meetings and visits, but advisors who work in multiple offices are asked to stay in one single office, said a person familiar with the wirehouse’s policy during the crisis.
Morgan Stanley confirmed last week that an employee at the headquarters of its wealth management division in Purchase, New York, north of Manhattan, tested positive for COVID-19.
The firm deep-cleaned its offices the weekend before, and advised employees and clients who had contact with the individual to self-quarantine. (Morgan Stanley had earlier instructed some Manhattan-based traders to work from its Purchase, NY, campus.)
Like other firms, Morgan Stanley also is restricting non-essential travel and most international travel.