Investment banks are set for a recruitment surge. According to Financial News, banks are readying to boost investment banking teams after bonuses are paid out in the next few months.
The paper cites Lehman Brothers, which made several big hires last year, as one of those likely to make high profile additions.
Staff are expected to leave HSBC's corporate and investment banking unit after cashing in the last of their guaranteed bonuses according to the paper.
A senior corporate finance headhunter interviewed by eFinancialCareers.com confirms the trend: "The pipeline of deals is strong, and in the last three of four months almost every organisation has thought it's increasing market share and become worried about a lack of resource," he says. "Banks will hire aggressively in the first quarter."
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