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Sector: Capital markets
These are the teams at each bank that do and don’t deserve a substantial uplift in their compensation this year
2011 probably isn’t going to be a great year for investment banking pay. The general consensus is that compensation will be lower than last year, particularly in markets businesses were revenues are likely to be down substantially. However, revenues will not be down across the board. Within IBD, some banks’ businesses have had an exceptional [...]
This is where you should be working, bank by bank, market by market
If you aspire to work for a bank that’s the global market leader in your product area, but for some reason are ignorant as to which bank that is, we have the answers. Derived from figures from analysts at JPMorgan, who last week released a detailed analysis of each banks’ revenues, by product, for 2010 [...]
An overseas investment bank with big UK expansion plans
Banco Espírito Santo wants to hire. Specifically, we understand it wants to hire both mid-market M&A bankers and ECM bankers. It’s signalled its aspirations this week with the solicitation of Anthony Fry from Evercore. Fry, who is now chairman of UK banking at the company, was previously head of investment banking at Lehman Brothers and [...]
GUEST COMMENT: Do M&A bankers actually add value?
Earlier this year, Guy Kawasaki, the US venture capitalist, made the following comment to the New York Times: “With investment banking, you make a lot of money, and you get a distorted feeling of how wonderful you are. You’ll be flying around in corporate jets and you’ll be attending board meetings, but you don’t really [...]
Bad news for bonuses in ECM and M&A
Investment banking businesses weren’t doing particularly well to begin with this year. European ECM revenues fell 42% between January and April, and European M&A fell to its lowest level since 2003 in the first quarter Until today, it seemed that ECM at least might perk up a bit after the UK election: earlier this week, [...]
Have banks over-hired in ECM?
After a promising second half of 2009, equity capital markets (ECM) volumes in Europe have stalled in Q1 of this year. Is there a chance that investment banks may have prematurely staffed up in this area? Globally speaking, the ECM space looks relatively healthy – volumes have increased 67% year-on-year to stand at $189.2bn, according [...]
Corporate brokers are being heavily hunted down
Corporate broking isn’t the kind of career you can suddenly swap into. Desirable corporate brokers tend to hold solid relationships with the companies they advise on stock market listings and the like. This is unfortunate, as experienced corporate brokers are extraordinarily popular right now. According to some headhunters, anyone and everyone is looking for corporate [...]
Deutsche Bank’s wild M&A hiring (and other investor day highlights)
Everyone knows that Deutsche Bank has been doing a spot of recruitment in M&A: it hired more than a dozen M&A bankers from Merrill in May. Today, however, it became apparent that this was merely the tip of the iceberg. At today’s investor day presentation for the global banking division, Michael Cohrs displayed the following [...]
High yield: where the redundant are getting re-employed
When we wrote a few weeks ago that long term unemployed bankers are now irreversibly excluded from the job market, something (or someone) was bound to disprove it. The high yield market is that thing. Over the past month, high yield hiring has gone wild. There have been senior additions everywhere from Bank of America [...]
Irish bankers look to UK as jobs dry up back home
If you that though the City jobs market was tough, spare a thought for those in Dublin. So scarce are front office opportunities, that increasing numbers are making their way to the UK in an attempt to secure a new position. The Irish financial sector’s two largest employers in terms of wholesale banking – Bank [...]
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