MARKET UPDATE  

The lateral recruiting market remains slow but improving. Most of the movement is at the Managing Director level. Managing Director recruitment has been where most of the activity has been over the last eighteen months.   

Jefferies continues to hire large cap bankers while some of their most effective middle market bankers have departed and found homes elsewhere. 

Scotia Bank continues to make moves and announced the hire of Travis Machen. Mr. Machen was previously Managing Director and Head of Banks, Diversified and Financial Infrastructure at Morgan Stanley. 

Luke Toland, managing director has resigned from Bank of America. He will be joining Trinity Investments and focus on hospitality investments. 

Derek Bomar has joined Deutsche Bank to lead the Asset Management coverage effort. Mr. Bomar is joining Goldman Sachs.  

WORDS OF WISDOM  

Counteroffers: 

Most people will tell you “Never take a counteroffer”. Recruiters will tell you that you are foolish to ever accept a counteroffer. There are times that taking a counteroffer is the right thing to do.

Company Research: 

One of the biggest knocks on candidates is that they do not know much about the company they are interviewing with. It is important to do your research on the company and be able to speak effectively about the organization and its strategy. 

Leaving Banking:

If you are considering leaving banking this may be the right year to do it. M&A fees and bonuses are down which makes making the pivot to a non-banking role a little easier.

HOT JOBS

_{We are looking for bankers in the AdTech, HRTech & Tech Enabled Services sector with a boutique bank}

 Have a safe and fulfilling day!