19 September 2017
Find out more

Goldman Sachs bids to win over techies with new relaxed dress code

13 July 2017  |  8524 views  |  1 Blurr Business People Walking

As it wrestles with the likes of Apple and Google for the top tech talent, Goldman Sachs is relaxing its dress code for computer engineers.

In a memo seen by Reuters, the bank's new CIO Elisha Wiesel has told thousands of technology and engineering staffers that they can now enjoy a "year-round casual dress code".

Although the memo does not provide sartorial guidelines, the hoodie-and-jeans combo beloved in Silicon Valley should be allowed, with a source tells the FT that "totally casual" clothing is in.

However, Wiesel does warn: "Please exercise judgment in determining when to adapt to business attire as circumstances dictate, particularly if you have a client meeting."

Last year Goldman rival JPMorgan Chase loosened its dress code after CEO Jamie Dimon took a trip to Silicon Valley to meet counterparts at tech titans.

But achieving the correct balance between professionalism and startup relaxation can prove tricky for the old-fashioned banking sector. In 2015 Barclays boss John McFarlane decided to clamp down on t-shirts and flip-flops at the firm's Canary Wharf HQ over fears of offending high-profile guests.

Comments: (1)

A Finextra member
A Finextra member | 14 July, 2017, 09:18

WP: I used to work in IT at GS.  It was during the dot com boom, and IT were pushed out into the offsite BCP facility, which had no dress code anyway.  That was seventeen years ago!  Think it's been knocked down now...

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Flip-flops are for startups, not banks; Barclays boss dresses down scruffy staff

Flip-flops are for startups, not banks; Barclays boss dresses down scruffy staff

07 August 2015  |  15098 views  |  1 comments | 30 tweets | 12 linkedin

Related company news

 

Related company information

Goldman Sachs

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.vasco.comvisit www.temenos.com

Top topics

Most viewed Most shared
IBM and UBS team on blockchain payments for carsIBM and UBS team on blockchain payments fo...
10533 views comments | 18 tweets | 36 linkedin
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10423 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
9677 views comments | 6 tweets | 17 linkedin
iPhone X gets Face ID for Apple PayiPhone X gets Face ID for Apple Pay
8853 views comments | 11 tweets | 22 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
8747 views comments | 6 tweets | 3 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job