Sector: Derivatives

Bad omen for Nomura bankers

First they had to tolerate the arrival of 2,500 Lehman bankers on inflated guarantees. Now Nomura’s existing staff are being asked to take orders from their uninvited guests. On Friday, Nomura revealed that ex-Lehmanites Christian Meissner and William Vereker are to be heads of investment banking for Europe, the Middle East and Africa, and that [...]

By Sarah Butcher, November 3 2008 • 14 Comments

Salary survey: Asian credit pros earn the most

The latest salary survey from search firm Napier Scott suggests Asian MDs now earn more than anyone else. Napier Scott’s 2008 salary and bonus survey suggests managing directors working on exotic credit trading desks at tier one banks in Asia commanded average total compensation of 1.5m (US$3.0m) for 2007. This was 45% more than their [...]

By Sarah Butcher, April 1 2008 • 0 Comments

Lehman and Bear to draw blood in Asia?

Will the crisis at Bear Stearns, and Lehman’s plan to axe 5% of its global workforce, mean heads will roll in Asia? Lehman is making no formal comment on the plans but it’s understood that while cuts will be made across all businesses in all regions, the majority of the redundancies will bite in the [...]

By Sarah Butcher, March 17 2008 • 0 Comments