Lunchtime Links: JP Morgan wants entire teams of private bankers in EMEA
JP Morgan is joining RBC Wealth Management on the European wealth management expansion wagon.
Pablo Garnica, the head of its private bank in Europe, told Reuters that the bank's, 'targeting a 15 percent increase in headcount among senior, client-facing bankers through recruitment and may look to poach entire teams of experts or regional specialists.'
Garnica also spoke of, "aggressive organic growth." The best performing region of EMEA in 2009 was apparently the UK, thanks to the many super rich people in London.
Underpaid bankers trying to escape from Deutsche Bank. (NY Post)
Pierre Henri Flamand has left Goldman! (Telegraph)
BGC can start hiring Tullett staff again from April. (Bloomberg)
Hedge fund DE Shaw wants to hire in Shanghai and Tokyo. (Financial Times)
Religare plans to hire as many as 80 people as it expands beyond India to Russia, Brazil and South Africa. (Bloomberg)
RBS forced to compensate trader fired for sending emails. (Bloomberg)
UBS co-head of Asian ECM resigns. (Asia One)
UBS poaches Australian co-head of ECM from Deutsche. (The Australian)
Lehman's addiction to the Repo 105 drug. (MarketWatch)
What exactly was Lehman Bros stuffing into the Repo 105 sausage? (Alphaville)
O my child, they were so confused. They were probably smoking tea bags at the very end. It was like the last days of Rome. (MoneyisTheWay)
The best interview advice I ever received. (Wall St Oasis)