Best macro desks
Which banks have the best macro desks (like rates / FX)? How would you rank them? Posting from London but would love to also hear about NYC!
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JPM and Citi for NYC. Maybe GS as well. Formerly DB as well, but no longer
Would def second Citi and JPM for NYC, especially in FX. For rates Citi and probably a bit more even between JPM and GS.
To be fair DB feels like it's trying to build out it rates business again, they've poached some good people from other shops in last couple of years. We'll have to see how that works out for them in the end.
Barclays is pretty decent too I think but would fall behind Citi/JPM/GS for me.
MS is bad.
OP here. Thanks for commenting I read a lot of your comments on here and they’ve been super helpful to me. I’m surprised - I thought GS rates was the best place to be for macro S&T especially in London. Also didn’t think Citi was as strong as JPM / GS given its restructuring and lots of senior people leaving since Fraser. Any thoughts? - thank you!
Also how would you rank the mid tier against each other for macro (especially in London) - so DB vs Barclays vs MS / BNP / XYZ? Thank you
And a follow up question; what’s the value of working at a non-major firm? Call it a Santander, BNP, HSBC, CS, BNY Mellon, etc. What are the pivots out of there?
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