Investment bank scraps casual dress for suitsOn 19 Feb 2002 in Personnel Today Previous Article Next Article Related posts:No related photos. Casual dress is being packed away by investment bank Lehman Brothers. The US company, which championed the move to polo shirts and chinos threeyears ago, is re-introducing formal wear in the office. A memo sent to staff by its operating committee stated that: “much hasoccurred, including some changes and rethinking regarding workenvironments”. Men have returned to wearing suits and ties and women have been asked towear “suits with either a skirt or trousers, a dress, or other equivalentattire.” The bank, which posted record profits of £1.06bn last year, said the changesare due to a significant increase in client contact brought on by the growth ofthe business. UK employees of the investment bank are being encouraged to contact their HRdepartment if the policy – which still allows staff to dress down on Fridays –causes difficulties. Comments are closed.