Late Lunchtime Links: How much is Nomura paying Benoit Savoret?
What's strange is that it took so long. Having left Macquarie after just one month last April, Benoit Savoret has only just turned up at Nomura. There, he will be joint global head of equities.
Nomura looks like Savoret's natural home. He was at Lehman for 11 years, where he was most recently COO. Savoret famously managed to negotiate a guaranteed $16.2m bonus three days before Lehman went bankrupt after threatening to leave and being bought back.
Now Savoret has returned to the ex-Lehman fold. Headhunters claim complete ignorance regarding the sum required to lure him there. However, one suggests he's probably come on a base salary only given he appears to have been out of the market for nearly a year. Nomura declined to comment.
Nomura has also shaken things up and appointed a new EMEA CEO. (Reuters)
UBS has named new joint global heads of its investment banking business, one of whom gets to stay in Australia. (Bloomberg)
Small print of Bob Diamond's payout takes his total to 14.6m. (Channel 4)
BarCap's top five execs beyond the board earned 38.29m. HSBC's earned 12.35m. (Financial News)
Barclays also disclosed the amount paid to its 231 "code staff", defined as employees in jobs that enable them to take significant risk, totalled 554m - or 2.4m each. (Telegraph)
Even in a sub-par year for Barclays, following two other sub-par years, Del Missier and Ricci collected about 40m each once their salaries and annual bonuses are included. (Guardian)
Barclays remuneration report discloses that 100 invested in Barclays on 31 December 2005 would have been worth 53 - including dividends received - at the end of 2010. (BBC)
Guaranteed bonuses WILL be allowed in the US. (The Atlantic)
Three people have now left UBS prime brokerage unit (for BAML). (Financial News)
Morgan Stanley wants to expand in equity derivatives). (Bloomberg)
BarCap has reorganised its convertibles team in anticipation of a rush of issuance. (Financial News)
Rothschild banker leaves the City for a truly exciting future in car park management. (Financial News)
BNP Paribas wants to hire 12 people handling loans to infrastructure funds (in Tokyo). (Bloomberg)
Commerzbank has failed to achieve the successful dismissal of the UK bankers bonus suit. (Bloomberg)
Manpower, the American staffing giant, said that financial services was propping up the recovery in British recruitment. (The Times)
KPMG has had 5,000 enquiries for 115 places on its paid university scheme. (The Times)
10 people to befriend on Wall Street. (CNBC)
Charlie Sheen is looking for an intern. (Internships.com)
