CS senior bankers to Santander
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Great for Santander
What are the odds that UBS tries to poach these guys back?
Zero. That offer was on the table for many of them and they resoundingly rejected it
Were the terms really bad?
Wouldn’t say UBS’ terms were “bad” necessarily, just that other competitors’ were better. Santander and Wells are offering both TD and MP a boatload of money to build out a totally new unit with an ambitious trajectory whereas UBS just wanted them to join their existing (and boring) sponsors outfit which does 3% Econs on the safest LBOs ever.
Some of those departing are senior LevFin and Sponsors bankers. I wonder why they didn’t follow Malcolm Price to Wells. Who keeps the book of clients?
Who’s moving? Can’t find a non-paywall version of the article
https://www.bnnbloomberg.ca/eight-top-credit-suisse-bankers-set-to-join…
Whoa. Rob Santangelo is a big name in energy. There was a whole WSJ article about him during the shale boom. Tim Perry still around?
Well there goes the neighborhood
Good for Santander. It’s time their IB team finally does something
Gentrification is really getting out of control
Curious as to why the sponsors bankers didn’t just follow Malcolm Price to wells
TD probably wanted to be the MP equivalent at Santander. Does Santander have west coast coverage? TD looks to be west coast based
Yea I think you are right.
I would be surprised if they didn't. I know Wells not to long ago hired a sponsors banker to sit in the WC to capitalize on sponsors out there.
Who’s to say they won’t? Price has a few months of garden leave and when he fully joins WF he’ll be looking to hire. I assume he’ll come back for some stragglers in just a few months.
Are juniors going to be involved in this move to Santander? Lots of heads with no teams at Santander. Could see some big group moves happening.
Given the economy and how hard it would be to a find a job? Probably?
Santander isn’t paying street so that will be a hard pill for those guys to swallow
What is Santander paying?
And another few bankers going from CS to Evercore. Is UBS even going to get any good MDs?…
Another leave of departure is coming next week, mark my word
marked
Come on, Switzerland can't run dirty money anymore. Why try to hang on to that capital when you could go elsewhere?
#creditwho?
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