Who's haemorrhaging staff; who's hiring?
Along with our analysis of where in the world hiring has taken place since February 1st, we've tracked which banks have won and lost the most staff over the past 7 weeks. The results make for illuminating, and possibly unexpected, reading.
According to investment banking people moves reported on Bloomberg and elsewhere, the biggest loser of staff since February 1st has been Deutsche Bank. The German bank has lost 17 comparatively senior staff, far more than even Nomura (11 reported losses), RBS (12 reported losses), or Citigroup (11 reported losses).
By comparison, the biggest recruiter since February has been Nomura.
Despite leaking staff in Asia, Nomura has been hiring keenly in the US and elsewhere. It emerged yesterday, for example, that Nomura's poached 10 people from RBS in Australia.
Other big hirers since February include Deutsche, Morgan Stanley and SocGen.
Notably, BofA Merrill Lynch, which was leaking large numbers of staff this time last year, appears to have stemmed the flow. Equally, Barclays Capital, which hired 2,000 people over the course of 2009 hasn't made much in the way of headcount additions since February.
The figures below do not include people moves in wealth management.
Hiring and haemorrhaging, bank by bank (since Feb 1st)
Barclays Capital
Hired: 1
Haemorrhaged 2
BofA Merrill:
Hired: 9
Haemorrhaged 2
Citigroup
Hired: 3
Haemorrhaged 11
Deutsche Bank:
Hired: 18
Haemorrhaged 17
Goldman Sachs:
Hired: 2
Haemorrhaged 6
JPMorgan
Hired: 3
Haemorrhaged 3
Morgan Stanley
Hired: 10
Haemorrhaged 3
Nomura:
Hired: 20
Haemorrhaged 11
RBS
Hired: 2
Haemorrhaged 12
SocGen:
Hired: 14
Haemorrhaged 0
UBS
Hired: 3
Haemorrhaged 6
