Goldman Sachs is relaxing its dress code in an effort to appeal to a younger generation of clients and prospective talent.
The new “firm-wide flexible dress code” was announced in an internal memo penned by CEO David Solomon, who moonlights as a DJ under the monicker DJ D-Sol.
The Wall Street investment bank had previously introduced casual dressing for its tech division in 2017. The new dress code now extends across the firm, allowing staff to ditch stuffy suits and ties in favour of more relexed attire.
More than 75% of Goldman employees are members of the Millennial or Gen Z generations— people born after 1981.
"We want all our clients to feel comfortable with and confident in our team," the memo states. "So please dress in a manner that is consistent with your clients' expectations."