Liam Boggan used to spend Sunday evenings traipsing to Dublin airport to catch the 9:10 p.m. flight to London for his job at State Street Corp. As Ireland recovers from recession, his commute is now 600 miles shorter.
BTIG LLC, the broker-dealer that’s grown from five employees to more than 400 since 2002, hired Dan Castro , the former top-ranked head of asset-backed research at Merrill Lynch & Co. to be a strategist as the New York-based firm expands its fixed-income business.
John Brady, co-head of MF Global Inc.’s Chicago office, was having a vodka cocktail at the Ritz- Carlton in Naples, Florida, overlooking the Gulf of Mexico, on the day his company reported its largest-ever quarterly loss.
Bankers in London, the hub for securities firms in Europe, are bracing for lower bonuses compared with New York counterparts as earnings from the region plummet and pressure to tighten compensation mounts.
U.S. hedge funds Pine River Capital Management LP, Millennium Management LLC and SAC Capital Advisors LLC are taking advantage of the struggle of European startup funds to grab their pick of the region’s traders.
Barclays Plc , Credit Suisse Group AG and Royal Bank of Scotland Group Plc, which added 6,500 staff at their securities units in the past year, may lead a slowdown in hiring in Europe as the fixed-income trading boom fizzles out, recruiters said.