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Financials

RBC CEO David McKay hints at hybrid work model

July 14 (Reuters) - Royal Bank of Canada, the country’s largest lender, is exploring a flexible and hybrid work arrangement to bring its employees back to the office.

The bank will test various models over the next few months and make adjustments to its plans accordingly, Chief Executive Officer David McKay said in a post on LinkedIn on Wednesday. (bit.ly/3eiAdjo)

McKay’s plans for RBC come at a time when the biggest banks across the world are planning to re-open their offices to employees as vaccination programs gain steam.

Major banks in the United States have, in recent months, revealed plans of adopting different methods to bring employees back to the office.

JPMorgan Chase & Co had said it would bring its U.S. employees back to the office on a rotational basis from July and maintain a 50% occupancy cap, while Bank of America Corp expects vaccinated employees to return to office after Labor Day in early September.

Reporting by Sohini Podder; Editing by Amy Caren Daniel

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