Silver Report Uncut
Apr 19, 2021
More financial firms and their wealthiest employees are bidding the Big Apple adieu. This is something we mentioned in previous episodes and they even put out a couple articles about how bad it is to live in Florida. Earlier this week, Bloomberg reported that Guggenheim’s Scott Minerd was preparing to move to Miami as the firm moves to dedicate more resources to South Florida. Apollo Global Management was considering opening additional offices in South Florida, Wall Street West specifically in Miami and West Palm Beach, as well as elsewhere in the US and Europe. The decision to “expand” its physical presence its the result of a survey of employees about where they would prefer to work as part of a strategy to attract a broader talent pool. Apollo, which has 1,729 employees worldwide, is just the latest financial services firm to commit to a more open-ended “open working” plan as workers in the US start their journey back to the office.
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