It’s not all bad. Financial News points out this morning that there is hiring in London – just not nearly as much as there was in the past, when – for example Commerzbank hired 680 investment bankers in a single year (as boasted by Mehmet Dalman in the Sunday Times last weekend.)
This is who we understand might be hiring in London – including information from Financial News, plus additional colour from anonymous headhunters.
Never slow to declare its intention to hire hundreds of talented people, we understand Cantor is hiring equities professionals in London. So far, recruiters say they’ve mostly focused on sales. Rumour has it that they’re thinking of building out their European equity research platform.
Exane hired 16 equity researchers in April. We hear, however, that it’s got a hiring freeze now.
Liberum Capital was one of the big hirers of equities salespeople and researchers in the aftermath of 2008. Recruiters say it’s, “sniffing around,” for one or two equity researchers now.
Billed as ‘Europe’s largest independent equities broker,’ we understand Redburn might be hiring one or two people.
Financial News says SocGen is looking for London-based equities analysts.
Baird, the independent investment bank, is hiring M&A bankers in London, say recruiters. In January, David Silver, head of its European M&A team, said: “Baird will continue to add talent in 2012. Having just completed a record year, we are keen to continue adding senior talent in Europe where we see tremendous opportunity. Of particular interest to us will be seasoned, sellside-oriented bankers in London and Frankfurt, with deep private equity relationships and/or sector knowledge in our core areas of focus - Industrials, Business Services, Consumer and Technology.”
We understand that DC Advisory Partners (formerly known as Close Brothers Corporate Finance) is hiring senior bankers. It’s just recruited Jack Dessay (from Deutsche) as an executive director in its TMT team.
Financial News says Jefferies is hiring. We hear it’s, “cut back a lot” but may be looking for industrials bankers.
We hear that Lincoln International, another M&A boutique may also be interested in adding a few juniors.
Financial News says Moelis is hiring. Headhunters were sceptical about this: “They’ve over-hired,” claimed one.
We hear that McQueen, a consumer and retail focused boutique, may be hiring.
Financial News says the Valence Group, a specialist M&A bank for the chemical sector wants to hire 30 people in the next two years. However, it wants to start covering Latin America and India and recruiters are sceptical that much of this will take place in London: “Most big banks only have 5 man chemical teams,” says one M&A headhunter, “I can’t see them hiring more than a handful of people really.”