The head of currency trading at an investment bank in New York said “We used to think of working from home as spending time with the dog! It had a bad reputation but it turns out that was completely wrong".
The abrupt upheaval has forced traders to challenge their own assumptions. It is also prompting senior executives in London and on Wall Street to rethink not just the working patterns for staff, but what the trading floor of the future will look like. “If you'd asked me in January, I'd have wondered if we could run all our businesses [working from home], but now I can say the answer is definitely yes we can,” said Robert Karofsky, co-president and head of markets at UBS’s investment bank.