Deutsche Bank mulls work-from-home arrangements in UK – Bloomberg

Deutsche Bank AG is considering allowing its U.K.-based employees a hybrid working arrangement whereby they can work from home for up to three days a week, Bloomberg News reported.

The German lender's U.K. CEO Tiina Lee reportedly told Bloomberg TV in an interview that staff feedback indicates they want to work from home at least one to three days a week, and Deutsche is looking to explore the option.

The bank is also set to differentiate its remote working policies according to roles, with traders possibly having fewer work-from-home days. It is in discussions over a new policy amid plans to reduce its real estate costs, the March 9 report noted.

Meanwhile, U.K. asset manager Standard Life Aberdeen PLC is reshaping some of its offices in the country for a hybrid working model, CEO Stephen Bird said. The focus is on open-plan offices with more meeting areas for brain storming.

Another British lender, Lloyds Banking Group PLC, is planning to reduce its office space by 20% over the next three years, including 8% in 2021, with the expectation of more staff working remotely.

TP ICAP PLC CEO Nicolas Breteau reportedly said on an earnings call that the U.K.-based broker is implementing a hybrid model whereby back-office staff could work from home for up to two days a week, although brokers are expected to return to the office when it is safe.