Actually, RBS isn't haemorrhaging staff

6 July 2010

1 minute read

It's happened. RBS has paid its 2010 bonuses and they've been banked. Does this mean people are rushing crazily for the door?

No.

People are leaving, but it's not exactly the kind of full scale exodus that might make Stephen Hester lose his remaining hair.

Yesterday, it emerged that the chief markets strategist (Bob Janujah) and the chief economist (Kevin Gaynor) had gone to Nomura.

This follows the earlier disappearance of an emerging markets forex strategist, also to Nomura, and the removal of a credit trader to Barclays Capital.

However, totally impartial headhunters with no reason to talk up RBS, insist that it's not that bad.

"The departure are over-hyped. You have 10 people leaving out of a fixed income trading floor of 500-600 people, it's really no big deal," says one nonchalantly.

It might help that Hester's been talking about the government starting to sell its stake in RBS in 2011. However, another headhunter says it's more to do with the fact that there are no good people left at RBS any more. "Everyone who might have been hired has gone already," he suggests.

AUTHORSarah Butcher

Global Editor

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Bill
15 July 2010
@Dave: You're such a pathetic loser you didn't have enough brain to delete "insert your comment"
@Miek: It is as much as the bankers fault as is the fault of governments, central banks and most of all the greedy public that borrowed like no tomorrow!! People in banks get such huge salaries because they are the best and they compete against the best! Most of us have been excelling since we were 10 years old to get to the route that led us here! Have you ever tried to interview for a bank? I bet not, you loser!!
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Da
Dave
13 July 2010
Insert your comment here (under 1200 characters)...
Why the hell should anyone who works in a bank get bonuses anyway. Every one of you get paid far too much for what you do. high salarys and penisons and large bonuses.. It's all because of you greedy bankers that we are all suffering. None of you deserve to be paid thsi much as this goverment has let the banks off very lightly. The tax payer should be charging the banks high rates of interest and also charges for all the money they lent to the banks.
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Miek
13 July 2010
You lot make me sick to hear you all on about bonuses while everyone else is having to suffer all because of your incompentence. We have to constantly hear about how the banks will lose their top people if the bonus culture is taking away. What a load of rubbish as you lot deserve nothing. If these top people were so good at there jobs we would not be in the mess we are in today. The goverment shuold have let you lot sink as what a waste of tax payers money gving it to you lot to continue to award yourselves bonuses and high wages not to mention the ver generious pensions you all get. If really makes me sick to listen to how unfair you all think you are being treated.
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Keith
12 July 2010
"However, another headhunter says it's more to do with the fact that there are no good people left at RBS any more."
The job applicants I've seen applying in the last year from RBS have been rubbish - if they are the good that then what's left must be dire.
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An
Anon
11 July 2010
I work in RBS. I received 1/3 my 08 reward and 1/2 my 09 reward in a June paycheck. Total even after my 50% tax still a healty 6 figures. I like my job. I like my team. I like the bank. Our team is hard working, highly professional, very talented and at the top of our field in what we do. There have been a couple of (deserved) firings and a handful of leavers (as with any bank I've been in in my career after bonuses are paid). I am fed up with the negative press and the ill-informed gossip.
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