If you're up to date with precisely the number of people working in investment banks' front office jobs and are familiar with which banks rank in the top tier for each product area, it's likely you've been reading the research issued on a quarterly basis by Coalition, the banking intelligence company. Coalition's most recent note, which came out this week, said the number of front office bankers globally has fallen again, to its lowest level ever.
Coalition itself also seems to have some staffing issues, however. In the past month, several key figures have left. At least one has resurfaced at McKinsey & Co.
Paul Johny, Coalition's former head of client analytics has just joined McKinsey as a partner according to his LinkedIn profile. Johny spent nine years at Coalition after joining from Barclays in 2010.
Coalition has also lost George Kuznetsov, its head of research and analysis. Kuznetsov left in August according to Companies House filings and is understood to be on gardening leave. It's not entirely clear where he's going next. Kuznetsov had been at Coalition for 12 years.
Venkatraman Srinivasan also left the company in August. Srinivasan was a director at Coalition and president of global research and analytics at CRISIL, Coalition's parent company.
Coalition didn't respond to a request to comment on the exits. The company was founded in 2002 by London headhunter Trevor Foster Black and sold to CRISIL, which is itself owned by Standard and Poors, in 2012.
Coalition achieved revenues of £31m last year and profits of £11.3m. It employed 30 people in 2018 and paid them an impressive average of £243k. The highest paid director received £1m.
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