City Boy, the fast living, fast talking writer of City exposés in The London Paper has unmasked himself as Geraint Anderson, a top-ranked utilities analyst at Dresdner Kleinwort.
For anyone who failed to keep abreast of Anderson’s columns, we’ve unearthed a few choice links, categorised by subject matter:
An expensive business involving 2,500 evenings out at pricey restaurants, followed by nightclubs frequented by ladies of Eastern Europe.
(Dresdner appears, however, to have followed in the footsteps of Deutsche, and cut entertainment allowances in May.)
Dresdner may actually pay bonuses worth more than 100k. Several people even received 400k payouts last year.
However, bonuses for 2008 could be a little lacklustre, given that the bank apparently set its commission targets in December 2007, when market conditions bore a little less resemblance to the career prospects of Sir John Gieve.
Interns and graduates
And on headhunters…
Finally (and this is entirely Anderson’s own opinion): “Frankly, headhunters are parasites living in the bloated stomach of capitalism. When the revolution comes they will be the first up against the wall.”
Dresdner is keen to distance itself from Anderson – which is entirely understandable given Anderson’s revelations about what went on in the City over the past two years.
A Dresdner spokeswoman furnished us with the following comment on the issue: “Geraint was formerly an employee at Dresdner Kleinwort, as well as a number of other banks. We know that he has been at pains to point out that his new book, which is set at an imaginary US banking giant in Canary Wharf – is a work of fiction charicaturing the investment banking lifestyle. We are viewing the book and his previous columns as nothing more than an attempt to entertain – which we are confident is how they are meant to be received. We wish Geraint well with his new career”