A director who quit Deutsche Bank became a managing director at HSBC
If you're stuck at director-level in your current bank and are thinking of moving on to escape the impasse then Nicolas Naillon is the role model for you.
Last November we named Naillon as one of the few remaining members of Deutsche Bank's London healthcare investment banking team. As of this month, that same Naillon has resurfaced at HSBC, not as a director but as a managing director, also in the healthcare team.
It's an impressive feat and Naillon seems to have knocked a few years off the average 17 or so that it seems to take to become a managing director in banking. His first job after graduating from HEC Paris was with Credit Suisse. He moved to Deutsche Bank in 2009.
In the circumstances, it seems that Deutsche Bank might have missed a trick in not promoting Naillon quickly itself. Last year, there were suggestions that DB's own healthcare team was bereft of London MDs after the previous exit of head of healthcare Darren Campili to Barclays and various other defections. However, Deutsche subsequently hired Navtej Bhullar from Lazard as global head of healthcare, based in New York, and maybe Naillon wanted a change of scene.
HSBC, meanwhile, has been cutting bankers this year as it tries to save costs, but clearly thought Naillon was talented enough to hire and promote simultaneously.
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