Indian banks embark on another race to hire talent
There’s been a frenzy of high-level horse-trading for senior staff members amongst India’s investment banks. Some players have emerged much stronger, while others will need to restock quickly in an increasingly competitive market for fees. Elliot Wilson reports.
Every few years investment banks based in India engage in a systematic, expensive, and reasonably dignified game of musical chairs.
The process is pretty simple. One institution – let’s call it Bank A – hires an individual, often a heavyweight country head, from Bank B, a local or
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