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.”

Click here to read the story from Bloomberg News

  • 19 Mar 2008

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%