Credit Suisse FIG recent exits.. WTF?
https://www.reuters.com/business/finance/credit-s…
credsuisse have lost their global head of FIG, EMEA head as well as 7 other seniors in the FIG team...
WTF ??
Trending Content
| Leo Lukenas was his name. Fundraiser for His Family is Here. (Bank of America Associate that passed away) | 90 | 5h | ||
| +266 | PJT Addresses BoFA Aso Death | 40 | 3h | |
| +224 | Looking to raise a Billion Dollar Fund - College Junior | 35 | 5h | |
| +177 | It doesn’t need to be this way | 27 | 51m | |
| +119 | Justice for Leo - BofA is Disgraceful | 14 | 5d | |
| +79 | RBC M&A vs PJT RSSG | 14 | 15h | |
| +72 | Biggest gripe in IB: people with no balls | 28 | 2h | |
| +61 | Did I mess up by correcting my VP Publicly? | 19 | 14h | |
| +59 | Vanderbilt ($$$) / Northwestern ($$$) vs UF ($) | 28 | 1h | |
| +49 | Feeling really lost in IB | 14 | 1d |
Career Resources
Well CS's share price did dive so bankers are cheap to hire (their deferred comp is now lower than usual) from there and they all expect low bonuses this year giving them one more reason to leave. Jeffs pays mostly cash from what I hear which is great not to be tied up with stock (uncertain value) - sure their cash comes with clawbacks but effectively the same vesting as shares.
I mean we also don't know team dynamics. If junior are tied to a head and they like thier boss no reason to not continue your career with a person.
I don’t think it’s a surprise. They jumped from a bank that isn’t doing too well recently to a bank that is upward trajectory. Also, Jefferies usually has great packages for the senior bankers they hire and they also pay all cash versus a deferred component at CS. Like the other comment mentioned, CS stock performance is pretty bad rn. Even DB’a Stock is doing better. Plus, I believe FIG seems to be worse hit because they deal with financial institutions and those were the ones that caused the problems (archegos, greensill etc) not saying it was IB’s problem but still very bad optics and optics matter in IB.
Curious on Jefferies progression by title, actually. Does anyone know the typical title bands? For example, ANL 2 years, ASO 3 years, VP 3 years, DIR ~3+ years, MD, put out to pasture?
They don’t have directors. They call them Senior Vice Presidents but yes that’s correct.
I used to work at JEF - very "up and out" at the SVP level. Seen a ton of SVPs get pushed out if they don't make MD, not sure if that's consistent across the street. Not as many homegrown MDs as other banks.
bump
Ipsum qui saepe voluptatibus consequuntur. Voluptas at ipsum voluptatem quos ullam dolore harum. Sequi sunt sunt voluptas accusamus dolor quia excepturi dicta. Officiis atque animi eveniet asperiores error nihil saepe. Perferendis est asperiores est consequatur consequatur consequatur in. Quam nisi facilis ipsa ducimus ducimus. Laudantium est fugiat inventore quisquam explicabo.
Quis dolorum repellat est aut fuga non. Quis eveniet officia itaque aut. Deleniti et qui dignissimos qui corporis tempore. Nisi corporis laborum velit autem placeat ut.
Eos nihil non nihil. Explicabo commodi id recusandae facilis dolor. Assumenda dolorem quo dolores labore quia aspernatur. Velit dolor est fugit dolores.
Magnam nam quasi sunt et. Maxime atque vero sit officia eaque ut excepturi unde. Placeat nobis et et et qui. Incidunt ullam iste quia hic corporis vero rerum.
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...