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Posts by Sarah Butcher
Nomura confirms it: M&A and capital markets businesses are just not very profitable. Macquarie pays head of risk twice head of M&A
If you work in M&A or capital markets (collectively known as IBD), you may be a loss leader. Don’t, therefore, expect to get paid anything like your colleagues in sales and trading roles. There have always been suspicions that M&A bankers aren’t great for the bottom line (RBS’s don’t appear to have been profitable, for [...]
Who exactly is Greg Smith? How much could he have earned? Why did he write that letter? And does this mean Goldman will be paying far bigger stock bonuses in future?
Greg Smith is the new folk hero. The executive director of Goldman’s ‘US EMEA equity derivatives business’ is being lauded as honest, courageous and a role model for students after printing his resignation letter in the New York Times and claiming the firm has become interested in nothing more than making money for itself, regardless of [...]
Lessons for keeping your job: You do NOT want to be working for a bank’s hobby business
Piyush Gupta, chief executive officer of Singaporean bank DBS coined the phrase. Thanks to a lot of ill-thought out expansion under his predecessors, DBS had ended up with a lot of, “hobby businesses,” he explained when the bank announced its results this week. At DBS, these were especially in the UK, the US and the Middle [...]
An interview with Robert Walters, chief executive of Robert Walters
What will 2012 hold for financial services hiring? Is RBS a precursor for disaster elsewhere? Will hiring in Asia really go the way of hiring in Europe? We asked Robert Walters, chief executive of the eponymous recruitment firm. This is what he said: Q: Is 2012 going to be a bad year for financial services [...]
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