Daily Dispatches: i-banks go poaching crazy in property

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UBS has moved quickly to replace its real estate investment team by picking up Tim Church and seven colleagues from JPMorgan. The hiring of the entire team at JPMorgan has added significance given that JPMorgan's Australian boss, Andrew Pridham, was once a key property analyst at UBS. Merrill Lynch recently nabbed the UBS property team led by Darren Rehn. The raid by Merrill cost them $27m and took away 10 of 16 bankers at the UBS team. (The Australian)

Incoming Suncorp-Metway chief executive Patrick Snowball has announced that, as a consequence of the poor result, boardroom pay had been frozen and short-term bonuses for senior executives axed in recognition that Suncorp had let down its shareholders. (Business Day)

Skilled job vacancies rose 1.0 per cent in August compared to the previous month, the first monthly increase since November 2007, new data shows. (Sydney Morning Herald)

A majority of the country's biggest companies are keeping ''golden handshake'' payments within the limit proposed by the Federal Government. (The Age)