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Latest News

Ghost of Christmas past catches up with investment bankers

by Personnel Today 7 Nov 2002
by Personnel Today 7 Nov 2002

Grim
times in the City will see hundreds of investment bankers get no bonus this
year, with thousands of workers in research and mergers and acquisitions in
line for only half of last year’s bonus.

A
report compiled by City headhunters Armstrong International, predicts that most
investment bankers whose performance is ranked in the bottom 20 per cent of the
total workforce will not get a Christmas bonus.

Armstrong
said it believes analysts at smaller investment banks such as ABN Amro, HSBC
and ING Barings will fare worse than those working for firms such as Merrill
Lynch, Morgan Stanley and Goldman Sachs.

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The
size of the payouts will depend on the area of investment banking in which
employees work.

By Quentin Reade

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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