Never shy of declaring its intention of hiring hundreds of bankers whenever it looks like banks might be letting go of people, Cantor Fitzgerald has come out today and said that it does, indeed, want to hire hundreds of bankers again.
It does not want to hire just any bankers though. In a press release issued yesterday, Cantor declared its intention of hiring: “tremendously talented bankers,” “world class banking professionals,” and “enormously capable professionals,” to join its “all-star team.” A tolerance of hyperbole would also seem a precondition for employment there.
Separately, yesterday’s very popular Bloomberg article on the hardships faced by high earners in the US, touched upon the trials of the headhunting industry.
Bloomberg interviewed Daniel Arbeeny, a headhunter with CMF Partners, who said his search consultant-peers working with hedge funds and investment banks can make $500k in a good year. This is not a good year, however. Arbeeny confessed that he no longer goes on skiing holidays and has started reading supermarket mailshots to identify where he can buy his breakfast cereal most cheaply.
RBC’s Q1 results do not bode well for US banks’ trading operations. (Bloomberg)
Job vacancies in the City were down 47% in February compared with a year ago, says Morgan McKinley. (Financial Times)
Structured solutions specialist from RBS finds self re-housed at Schroders. (Schroders)
RBS really isn’t deferring much in the way of bonuses at all. (Telegraph)
The Wall Street bonus pool was down a mere 14% last year, to $19.7bn. (WSJ)
BarCap has hired Merrill’s head of corporate broking. (Financial News)