Goldman Sachs bolsters its FIG DCM team courtesy of Deutsche Bank
Moving from a big European bank to a big American bank doesn’t usually need much justification. With some pretty big bonuses expected for debt capital markets (DCM) bankers this year, it needs even less.
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Jonathan Ward joined Goldman Sachs this week in London as an executive director in the bank’s financial institutions group (FIG) financing group. He joined from Deutsche Bank, where he spent three years in the FIG DCM team.
DCM is a good place to be in 2024, with bonuses poised to grow by between 25 and 35%, according to Johnson Associates.
And if you’re in DCM, the best place to be is probably the FIG team. Not only are banks the biggest bond issuers in the world - bigger than governments, in fact - but they’ve been going into a bit of an overdrive recently, with JPMorgan, Goldman Sachs, and Morgan Stanley all bringing big issuances justified by strong Q3 results, according to market watch.
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