It would appear that Goldman was the only net hirer in the fourth quarter

10 February 2010

1 minute read

It would appear that Goldman was the only net hirer in the fourth quarter

So much for the upturn in recruitment that was supposed to be underway at the end of last year.

Results from the banks that break out investment banking headcount reveal that all but one (Goldman Sachs) reduced, rather than added, staff in the final quarter of 2009.

The relevant headcount changes are:

Goldman Sachs: + 800 people

JP Morgan: - 174 people

UBS: - 464 people

Deutsche: - 31 people

AUTHORSarah Butcher

Global Editor

ai
airwaves
11 February 2010
still waiting for your reply Sarah!
Reply
ai
airwaves
11 February 2010
Hi Sarah,
Can you let us know who acts as recruitment consultant for Goldman Sachs.
Thanks!
Reply
Sa
Sarah, Editor, eFinancialCaree
10 February 2010
@Analyst - BarCap and Credit Suisse haven't reported yet (and I don't think BarCap breaks out headcount, although I could be wrong). Morgan Stanley has reported, but it doesn't break out headcount in its institutional securities division.
Reply
An
Analyst
10 February 2010
This is very interesting, could you give Barcap, Morgan Stanley and Credit Suisse too!
Reply