Citi going nuts with Senior Bankers hiring
Hey guys,
just wanted to get people's views on this. Citigroup has been hiring a lot lately though their teams were depleted in 2010 but it looks as if they are rebuilding strong..Last year, it took UBS' energy group including Stephen Trauber..it then recruited Martin Lovergrove recently from Standard Chartered, a veteran with 40 years of experience in oil and gas industry. Basil Geoghegan, an ex GS banker was another recent hire.It's also snatching bankers from JPM (FIG), Rothschild (TMT), BofA ML.
http://www.bloomberg.com/news/2011-03-29/citigrou…
http://www.bloomberg.com/news/2011-02-14/citigrou…
Coudn't copy paste all the links lol, but the point being why are all the senior bankers now flocking to Citi? Is Citi on the way up again though they only jumped up to 6th spot in YTD 2011 from 8th M&A Global Advisory (Thomson)
I read they are going to be advising Lloyd bank alongside JP Morgan on selling its 600 retail branches, not to mention the 9 billion deal they recently worked on with Evercore. There were some other major deals too that they have worked on recently advising BP, GE and others to name a few.
Seems as if the M&A activity is going to favor banks with strong balance sheets like JPM, DB, Barcap and Citi. What do you guys think?
i bet randombetch feels better about his offer now
Don't know who you're talking about, but damn that is homo if he's the first person you think of when you read "Citi." When you're repping Duke you got to not sound faggish - stop caring about other bankers' feelings and shit, it's disgusting. I'll let this one slip though.
haha let's not get personal over there. this was supposed to be a serious discussion ;)
Their bank model is proving dominant, and Citi is where a lot of the action will be this year.
As for this topic, what's the big deal. We all know Citi is better than shittier banks such as UBS and BAML - no surprise key UBS and BAML people are coming to Citi. But is it on the way up towards JPM/GS/MS level? Hell nah.
glad to have your approval.
regards, gsduke
U mad? UBS guy? BAML?
Btw, why do you sign your name like a retard who thinks WSO is his email inbox? UBS doesn't send you any emails anymore?
Oh shit, I see an epic battle between fagtroll UBS guy and a real BB banker spewing.
I don't take kindly to UBS losers even if they're from a school my family donates to.
wow. why does every thread turn out to be a UBS thrashing? As the guy above mentioned, JPM/GS/MS will take the top 3 positions. Atleast, that's the way it seems. 2012 should be interesting though!
feel bad for UBS though. One departure is leading to many.
and FYI, BAML is not shitty! they've worked on some big gigs this year like Duke and Progress
LBO good work feeding the trolls.
haha
http://graphicsweb.wsj.com/documents/INVESTMENT/InvestmentBankQuarterly…
that is all
dude, those numbers are uptil 28th Feb. March is yet to be included. For more comprehensive, refer to this:
http://graphics.thomsonreuters.com/F/11/Deals.html
Citi has changed significantly over the past year...been hiring key MDs, re-focusing on their key clients, and using their global platform to execute deals that no other bank has the ability to do so. Not saying that this means they have matched GS/MS, but given their momentum and strategy I would not be surprised at all to see Citi M&A #1 by 2013 or even 2012. The world has changed and one or two huge deals in North America wont make you the best financial institution nowadays. Having the brand name to execute deals in any part of the world, including North America, will. Emerging markets is where the growth is and consequently Citi is where the growth is. Dont know if prestige will be attached to Citi the way it is now with GS or MS, but it will definitely will come if Citi continues to dominate M&A and Equity deals within the next 2-3 years.
Right now, if ure with GS or MS or JPM and want to enter PE next year good for you. If you want to be in banking for the long run or think about PE in a few years, Citi has nothing to envy from the top banks.
Just being realistic...
yea seems as if the bank is going through a strong recovery mode.
troll feeding grounds
Looks like Citi is really adding to the energy team, would you energy bankers put them up there with BarCap and CS in the energy field in the coming years? They sure have the senior talent, and they are all locked up for multiyear contracts.
GS > MS > JPM > Citi = CS > DB > Barcap > BAML > UBS
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