Act casual: Goldman Sachs has changed its dress code to be more tech

Lynsey Barber
Follow Lynsey
A Parade Of Suits
Bye-bye bowler: The days of suited bankers looks numbered (Source: Getty)

As if the world's offices weren't already filled with bean bags (thanks Google!) as many a businesses bids to become more like Silicon Valley, one big investment bank is now taking inspiration from Mark Zuckerberg's uniform of grey t-shirt and hoodie.

Goldman Sachs has eased up on its dress code for tech employees, Reuters reports, letting them ditch the suited and booted banker look familiar across Wall Street, though they should "exercise judgement in determining when to adapt to business attire," an internal memo said.

Read more: Are City folk seeing the return of the tie?

For many a company, the way to innovation is through clothes apparently, with attire acting as a signal of just how digital they now are.

Mark Wilson the chief executive of Aviva who talks about the insurer as a tech company these days, was keen to show off its credentials when it comes to innovation at a recent chat with journalists... by pointing out he wears jeans when visiting its "digital garage" in Shoreditch... even meeting other CEOs in such attire to "break down barriers".

Meanwhile JP Morgan last year adopted a "business casual" dress code across the business, though it also stressed that it's "not weekend casual, and if you’re seeing a client, you should dress for that client”.

Read more: Move over, suits – the new kids on the block are coming to the Square Mile

Clearly for investment banks, there's casual, and then there's too casual.

And who can forget that even the last bastion of the traditional British stiff upper lip and cradle of democracy has embraced the cas', with MPs in the House of Commons being told recently they can ditch the tie?

While Zuckerberg's hoodie and trainers will likely spring to mind when it comes to a Silicon Valley "uniform", our bets are on the overlooked but bountiful fleecy gilet favoured by the Valley's VCs spreading to Wall Street first.

Related articles