Firms Poaching Bear Brokers With Signing Bonuses

  • 19 Mar 2008
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Merrill Lynch, Morgan Stanley, UBS and Citigroup’s Smith Barney division are offering Bear Stearns brokers packages with signing bonuses worth two times annual revenue, reports The Wall Street Journal. A person who generates $1 million in annual commissions could receive $1.5 million up front and the rest over three years, according to Mindy Diamond, president of Diamond Consultants. “The brokers aren't going to get hurt,” said Mitch Vigeveno, chief executive officer of Turning Point, an executive-search firm in Safety Harbor, Florida. “They have a book of business they can move. The ones who are going to get hurt are other employees, like people in operations and marketing.”

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  • 19 Mar 2008

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%