UK
Sector: Investment Banking / M & A
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 [...]
Looks like Deutsche pays its senior staff incredibly well, to the possible detriment of everyone else
In its compensation report yesterday, Deutsche revealed that it had paid its 168 ‘regulated employees’ – the equivalent of UK code staff – an average of €3.9m (3.38m) per head. This looks distinctly generous. BarCap paid its 231 code staff around 2.4m each. RBS paid them 1m each; HSBC paid them 785k each. It also [...]
GUEST COMMENT: Pity any expats who lose their jobs in Dubai
Upheaval in the Arab world is spreading fear among Dubai’s expat bankers The permeating paranoia is not that the ‘Arab Street’ will rise against us (90% of the people on the street are foreigners), but that we will be made redundant. In the circumstances, the turmoil in Bahrain is the last thing we need. In [...]
Here’s what’s really happening to hiring, in light of current events
Middle East unrest and the Japanese earthquake and now nuclear crisis are in danger of subduing an already quiet financial services hiring market, say recruiters. Banks were already hesitant about hiring this year; that hesitancy’s increased. “In this environment, banks are being more cautious than they would have been,” says Adrian Ezra, chief executive of [...]
Late Lunchtime Links: When expats exit Asia
Despite the devastation in coastal Japan and the nightmare surrounding the Fukushima nuclear plant, banks in Tokyo are open for business. The Wall Street Journal reports that 16 foreign banks in the city are open for business as usual. Bloomberg says JPMorgan and Credit Suisse are allowing employees to work from home and that Goldman [...]
Here’s how much you ought to be earning as a VP or MD in M&A
Courtesy of The Cornell Partnership, you now know how much you should be earning as an associate in M&A. Here’s what you should be earning if you’re a little more senior. The figures below aren’t, unfortunately, broken out bank by bank like last time. They are also derived from the Cornell Partnership, and from a [...]
Bonuses and salaries for associates in M&A, bank by bank
If you’re an associate. If you work in a US investment bank. If you are in IBD. If you want to know what you should be earning… We can tell you. Recruitment firm The Cornell Partnership have just produced their annual bonus and compensation survey. Helpfully, it breaks down salaries and bonuses for associates, by [...]
GUEST COMMENT: How to escape the job you took in desperation in 2009
The worst of the financial crisis happened nearly three years ago. But for some people it isn’t over. For some people, its repercussions are felt every day, in the form of a job far below their pay or experience grade. In the dark days of 2009, people took jobs for the sale of CV continuity. [...]
Bank by bank hiring predictions for 2011
If you want a new front office job in investment banking in 2011, you will probably need to be patient. There are rumours of enduring hiring freezes. If last year was all about biggish expansion plans, this year is going to be all about making do with what you’ve got and hiring replacements as necessary. [...]
Ominous talk of hiring freezes when it should be spring
At this time of the year, hiring should be warming up. Strangely, there are still rumours of hiring freezes in dank corners. Among the banks rumoured to have freezes are: BarCap, Credit Suisse, and RBS. Last August and September, lots of banks imposed freezes. It’s possible they have yet to be lifted. Equally, however, it’s [...]
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