The Job Front: Lehman in Europe, “Boutiques” No More
By BankersBall on Nov 15, 2006 in Cube Life, Job Hunting
- Looking to move to Europe? Try Lehman Bros. The bank has been hiring “dozens” of bankers to catch up to i-bank powerhouses like Goldman, UBS and Morgan. Newly hired execs vow to keep on hiring, with investment banking one stated area of focus (European employees totaled 5,150 up from 3,278 in 2003). (WSJ)
- Independent players are eating up a pretty big slice of the pie. As of Oct of this year, boutiques were responsible for 38 percent of total U.S. deal value, up from 11 percen tin 2000. (Reuters I-Banking Summit)
- “I think there has been a lot of people getting carried away in terms of what they are going to make. It ain’t going to be anywhere near that.” — Viswas Raghavan, Head of Debt & Equity Capital Markets Outside of Americas, JP Morgan (Reuters I-Banking Summit)
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