Wall Street’s new virtual workplace ritual may far outlive the virus

Wall Street’s new virtual workplace ritual may far outlive the virus

Pedestrians walk down Wall Street in New York, U.S. Thursday, April 22nd 2010. Bloomberg.

In Hong Kong, bankers have learned to win stock offerings by video chat, and Morgan Stanley is hosting a virtual meeting for thousand-plus attendees. At Swiss giant UBS Group AG, wealth management executives have realized trips to see clients weren’t as crucial as thought. In California, an investor in hedge funds said he’s pleasantly surprised by how much faster he can confer with them remotely.