Corporate brokers wanted Down Under

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Australia's already got the Queen - it also looks set to have the very English phenomenon of corporate broking.

Oliver Darkes at recruiter Carmichael Fisher in Sydney says big banks in Oz are hoovering up (or at least trying to) whole teams of corporate brokers from the UK.

Victoria Biggs, a consultant at recruiter Jon Michel, confirms banks in Australia are indeed hunting teams of three to six people to fill new corporate broking positions.

Macquarie is among those thought to be hiring.

Rather than juniors who might be able to grow into corporate broking roles if only the country had any fully fledged brokers to train them, it seems Australia is interested in brokers who service clients straight away. As a result, Darkes says they pay well (although not as well as in London): AU$120k (51k) to AU$160k (68k) for an assistant director, and AU$200k (85k) plus at director level. Biggs puts pay even higher, at AU$250k (106k) with bonuses equivalent to multiples of salary.

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