How long does it take to find a new job if you're a senior equity salesperson now? Paul Divito, Barclays' ex-head of European equity sales distribution suggests it might be 12 months.
Divito left Barclays in October 2018 according to his LinkedIn profile. Also according to his LinkedIn profile, he's just resurfaced - a full year later.
Divito is now a senior salesman at Signum Global Advisors, a U.S.-based research and advisory firm which has had a UK business since March 2019 according to Companies House filings. Signum's UK office is run by Anna Rosenberg, who previously worked for Frontier Strategy Group.
Divito didn't immediately respond to a request to comment on his new role. Signum provides research on policy and a corporate advisory service on social, political and economic trends.
Divito spent nine years at Barclays after previously worked for UBS and ABN AMRO. As banks like UBS, HSBC and Deutsche cut cash equities professionals it's becoming increasingly difficult for senior staff to find new roles.
It's not clear wheher Divito was actively looking for a new role during his time out, or taking things easy after a 22 year career in finance.
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