Staff and clients who are not fully vaccinated against Covid-19 will be barred from entering Morgan Stanley’s New York offices.
The policy, which comes into effect next month, means unvaccinated employees will need to work remotely, the BBC first reported.
The move will reportedly allow the Wall Street giant to remove remaining restrictions in offices like face coverings and social distancing.
At the moment, the policy operates on an honour system, however soon the bank may decide it needs proof of vaccination status.
Morgan Stanley has already reportedly implemented “vaccine-only” workspaces in some areas of the business, including institutional securities and wealth management.
Morgan Stanley chief executive James Gorman has taken a hard line on home working, saying earlier this month: “If you can go into a restaurant in New York City, you can come into the office.”
He added that if staff wanted New York wages, they should expect to work in New York.
Work from home guidance in the UK is expected to be lifted on 19 July.