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Old timers needed to navigate the downturn?

Royal Bank of Scotland is rustling up bank managers who were around during the 1990s' recession to help financially challenged clients cope with the difficult times ahead.

It doesn't augur well for investment banks' chances of steering their way out of what threatens to become a nasty bear market. Most are staffed by people who were either still at university when the Thatcher Government imploded, or who had yet to do their GCSEs back in 1992.

Is now the time to retrieve a few silver hairs from golf courses in the home counties, or is the current generation of investment bankers amply able to deal with a 21st-century crisis? Unleash your opinions below.

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AUTHOReFinancialCareers UK Insider Comment
  • To
    Todd
    14 July 2008

    I am definitely going to stop with that anti-age face lotion and am considering dying my hair silver. No one seems to understand that no one understands the unexpected and when it comes, it is just panic and layoffs. Banks need to look, sound, act "smart", hence silly things like the topic of this forum. Can't someone argue that these old guys weren't smart enough to avoid what would have happened 15 years on?

  • ti
    timchamberla
    10 July 2008

    Good question. I went to a risk seminar last week sponosored by Thomson Reuters and most agreed that heads will role for problems in risk, that means much more demand for silver hair in these areas and big competition for seasoned risk professionals. You'll have to really search them out though. Peter, I'm a headhunter and happy to talk further if you want to drop me a note at tchamberlain@walgrove.co.uk

  • Ga
    Gary Wilson
    10 July 2008

    Peter if you really are looking for Silver haired Credit and perhaps risk peope then contact me on grw_3ginvestments@btconnect.com I have perhaps five of the best in their respective fields champing at the bit.

  • pe
    peter
    9 July 2008

    As a Hiring Manager, I am desperately trying to employ some old heads especially in the credit area. Where are they ? or is Sid right and they all got canned in the last downtturn.

  • pi
    pimpjui
    8 July 2008

    Sounds like an opportunity. Make the IB's pay high contract rates. Milk them like the milked you....

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