barcap/leh integration update anyone?
hi all,
anyone care to comment on how the integration is going? which groups have emerged stronger/weaker? are people feeling a little more settled (adjusted for general market uncertainty of course)?
thx
hi all,
anyone care to comment on how the integration is going? which groups have emerged stronger/weaker? are people feeling a little more settled (adjusted for general market uncertainty of course)?
thx
Career Resources
barcap side got killed.....sad, they saved lehman....
Lehman's energy group was one of the first groups that Barcap wanted to keep. I also know that Barcap has made an effort to honor offers made at Lehman during and at the end of the summer.
anyone know anything about the state of healthcare, sponsors and industrials?
Barcap didn't get killed overall. Plenty of Barcap people were saved, they were just in groups in which Barclays was stronger than Lehman. So a good number of desks on the trading floor kept all the Barclays people and fired the Lehman people. Remember, IBD is much smaller than S&T, so even if most of Barclays' IBD (which was never all that large in the first place) got fired, net-net the damage was probably pretty equal on both sides.
For a rundown of IBD go to efinancialnews.com and search for an article that came out last week that listed the heads of all groups with in IBD, as well as whether they were Lehman or Barclays (most were Lehman).
On the S&T side (from what I've heard) Barclays prevailed in Commodities, Emerging Markets, FX, and most of Rates. Lehman prevailed in Mortgages, Credit, and pretty much anything related to Equities.
What about research? This was an area where Lehman was far stronger but there were a few well-respected analysts from Barclays. Did they pick and choose group by group, or was it a complete wipeout of Barclays Research?
I have the best Leh/Bar story about the merger but can not tell it yet as it has not been resolved yet.
once it is... I will share
Adipisci nesciunt aut explicabo error. Facere omnis distinctio enim qui beatae et. Recusandae perspiciatis dolor delectus tempore asperiores eum officia. Repellat debitis ex possimus illo sit tempora eveniet.
Illo et possimus esse ea fugit quia deleniti. Voluptatibus commodi ab cumque repellendus quia non libero iste. Voluptate similique voluptates quod magni adipisci velit fuga. Enim molestiae officia quia perspiciatis dolor dolorem. Culpa adipisci ratione aperiam distinctio quod.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...