Investment bank scraps casual dress for suits

Casual dress is being packed away by investment bank Lehman Brothers.

The US company, which championed the move to polo shirts and chinos three
years ago, is re-introducing formal wear in the office.

A memo sent to staff by its operating committee stated that: "much has
occurred, including some changes and rethinking regarding work

Men have returned to wearing suits and ties and women have been asked to
wear "suits with either a skirt or trousers, a dress, or other equivalent

The bank, which posted record profits of £1.06bn last year, said the changes
are due to a significant increase in client contact brought on by the growth of
the business.

UK employees of the investment bank are being encouraged to contact their HR
department if the policy – which still allows staff to dress down on Fridays –
causes difficulties.

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