Barclays hires Birchenough as chairman of healthcare investment banking
https://www.reuters.com/business/finance/barclays…
This is an absolutely huge blow to Wells Fargo Healthcare team. Anyone with insight care to comment regarding this situation?
This is a Boomer Classic. Overstaying your welcome as an Old Balls MD at one washed up firm, then getting an offer to make even more money doing even less active deal work at an even more washed up bank as a sole figurehead with zero day-to-day job responsibilities.
These fucking guys are making more money than they know what to do with while the rest of us work 100 hour weeks for shit bonuses and RIFs.
Lmao news to me that everyone is acting like Barclays is a fourth rate bank. Yeah they lost a bunch of legacy Lehman rainmakers but pop open the WSJ league tables and one bank is on there and the other is nowhere to be seen in M&A, ECM, or DCM. Ask any WF analyst and they would take Barc in a heartbeat and that isnt changing anytime soon
What a moronic take. Do you truly believe YTD league tables would accurately represent the events of the past month or so? Wells’ hiring spree and Barclays’ precipitous talent drain are both very recent events.
Cant believe the corp dev guy is telling me whats right and wrong about IB. How about you try addressing my last point. A months exodus not gonna change how Barc >>> WF.
Lmao. You’ve contributed nothing to this site except for posting useless prestige rankings. I, the CorpDev guy, do know what I’m talking about because I work across the table from these banks and have connections within them.
Of course the name brand is still sticky you moron. I’m addressing your first and most prominent argument - league tables. It’s an absurdly stupid metric to measure an exodus & IB management shuffle that happened just weeks ago. No wonder you’re incapable of adding value to any discussion except going on and on about which bank is more prestigious than the other.
EDIT: Just realized that you're actually still in college, lmfao. I'm baffled that a college kid would post "Cant believe the corp dev guy is telling me whats right and wrong about IB." on a forum for working professionals.
Look man, it's obvious that you're a target school hardo who has been jerking to the thought of IB since high school. I'd even venture to guess that you secured yourself a Barclays SA seat. Do yourself a favor - chill the fuck out, make some friends and get some pussy. You clearly spend too much time on this website, and it's not going to help you during recruiting. Harping on and on about which bank is more prestigious or which bank is/isn't an EB (this is literally 98% of your post history) is not going to help you seem personable. I guarantee that if you keep this attitude up, your future analyst class is going to hate you. Nobody likes a prestige-obsessed hardo.