Wall Street is going back to entertaining clients in social-distancing era - Business Insider

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Wall Street is taking clients for long walks on the beach and out to dinner outdoors in the Hamptons as safe schmoozing picks up

If dinner is a must, sources say that it's much more enjoyable to be eating outside on the water in the Hamptons than in a converted parking space in Manhattan.Entertaining clients is a key part of doing business on Wall Street. And some are getting creative when it comes to getting in face time.

The New York restaurant scene has been staging a comeback — outside. But while that's been a welcome change for foodies who have longed to return to their favorite spots, it also means sitting at tables on the sidewalk or in parking spaces in the summer heat. One investment-banking MD who's based in Greenwich, CT, said he's played a lot of tennis and golf. He's also gone for local walks and even driven out to the Hamptons for a long walk on the beach with an important client. But there are some advantages for those sticking it out in the city. While it might be tougher to book a table now with restaurants spacing out seating, coordinating schedules with clients can actually be easier.

The risk for severe illness from the coronavirus increases with age, and financial advisers are extra mindful of the precautions they must take with older clients. And for those that are still refraining from in-person interactions, the challenges have been mounting. He's taken to keeping in touch with his clients over the phone — only. He doesn't like video calls, and some of his clients either don't have the know-how to set it up, or just prefer the phone as well. said it took measures to prevent earlier this year

 

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