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Company: Macquarie
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 [...]
Hiring predictions for 2011 – bank by bank
What with the re-emergence of the European sovereign debt spectre, the future is looking uncertain. The probability is that 2011 will start with less hiring than 2010 and that what hiring there is will be driven mostly by dissatisfaction with bonuses rather than the delirious pursuit of higher revenues. However, there are pockets of expansionary [...]
Lunchtime Links: Some Wall Street bankers are now being offered $8m guarantees; and securitisation hiring is on again
There is more good news on recruitment. Not only does the financial services sector appear to be growing faster in the UK than at any time since 2007, but Wall Street hiring is apparently growing faster than at any time since 2008. And banks are even said to be rebuilding securitisation businesses. In New York, [...]
Has Macquarie lost its magic?
Is the world’s love affair with Macquarie Group about to come to a bitter and twisted end? The pin-up boy of Aussie finance, which is currently on a hiring spree in the US and Europe, seems to be taking on the role of spoiled brat as its profits and share price tumble, and worries grow [...]
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