UK
Lunchtime Links: Continued wild hiring in fixed income
2 September 2009
If cash equities were the hiring story of the first half, fixed income currencies and commodities will be the tale of the second half. UBS and Morgan Stanley are both recruiting; so (still) are the independent brokerage houses.
Financial News reports that UBS has hired a further six senior credit sales staff after hiring 20 last month. Execution has made another seven appointments, and has 33 to go. And evolution has hired a new head of DCM, formerly of ING.
Paris and the bonus capping options. (Financial Times)
WPP, the marketing group, paid about 58 per cent of its revenues to staff last year, a higher proportion than Goldman Sachs. (The Times)
M&A at a 40 year low. (Independent)
The biggest mistake I ever made trading. (Pragmatic Capitalist)
Tax the stupid. (Bloomberg)
Tony Lomas loves his job, lives in Loughton. (Evening Standard)
Jamie Dimon has a spitfire wife. (Vanity Fair)
Modern finance: electricity or junk food? (Baseline Scenario)
Bailed out bankers to get options windfall. (Reuters)
Citi will lose talented traders and bankers if it cannot pay competitive wages. But that's just what happens to failed companies--the best people leave. And Citi failed. (Clusterstock)
"Bankers are acting like it's 1999 and actually it's 2009." (Wall Street Journal)
