MORGAN STANLEY
EXECUTIVE POLICY MEMORANDUM | GLOBAL OPERATING COMMITTEE
TO:
All Global Employees, Managing Directors, Desk Heads, and Business Unit Leaders
FROM:
Ted Pick, Chief Executive Officer
Jed Finn, Head of Wealth Management
DATE:
March 31, 2025
SUBJECT:
Workplace Cadence Policy: Division-Specific Expectations & Supervisory Compliance
1. EXECUTIVE RATIONALE & CORE PRINCIPLES
At Morgan Stanley, our reputation for client excellence and market leadership is anchored in an in-person operating culture. Collaboration,
real-time risk management, desk-side mentorship, and high-touch client advisory thrive when our professionals work together across firm
facilities.
“What has not changed is that the vast majority of us do our best work when we are together in person. Delivering the full intellectual capital
of Morgan Stanley requires spontaneous interaction, shared accountability, and continuous apprenticeship.”
— OFFICE OF THE CHIEF EXECUTIVE OFFICER
2. DIVISION-SPECIFIC ONSITE EXPECTATIONS
DIVISION / BUSINESS UNIT
ONSITE MANDATE
REMOTE ALLOWANCE
COMPLIANCE & SUPERVISION
Institutional Securities (ISG)
Investment Banking, Sales &
Trading, Research
5 Days / Week
(Full-time in office)
Ad-hoc only / Exceptional
approval
FINRA supervisory compliance;
trading floor turnstile & terminal
tracking.
Wealth Management (MSWM)
Financial Advisors, Branch Managers
& Support
Minimum 4 Days /
Week
Cap of 90 remote days /
calendar year
Branch badge activity and remote
portal session tracking (>4 hrs/day
= 1 day).
Investment Management (MSIM) &
Ops
Asset Management, Risk, Operations
& Tech
4 to 5 Days / Week
(Division discretion)
Managerial approval
required
Departmental attendance
reporting & annual review
integration.
3. SUPERVISORY TRACKING & COMPLIANCE STANDARDS
Remote Logging Threshold:
Remote network sessions exceeding four hours in a single business day automatically count as one full
day toward an employee's annual 90-day remote limit.
FINRA & Regulatory Supervision:
Licensed personnel operating outside registered firm locations must maintain strict compliance
with Outside Business Activity (OBA) and supervisory jurisdiction mandates.
Performance Review Integration:
Onsite attendance records are formally incorporated into annual performance reviews, total
compensation determinations, and promotion evaluations.
4. IMPLEMENTATION & MANAGERIAL OVERSIGHT
Desk heads and branch managers are responsible for team schedule coverage and local compliance. Medical or individual workplace
accommodation requests must be routed through Human Resources for executive review.
Ted Pick
Chief Executive Officer
Morgan Stanley
Jed Finn
Head of Wealth Management
Morgan Stanley
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MORGAN STANLEY — CONFIDENTIAL INTERNAL POLICY MEMORANDUM
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