Trading Places: HSBC’s Tarda moves to Credit Suisse, Liberum hires How from Peel Hunt

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Among the key movements to watch this week are HSBC Orazio Tarda, who will join Swiss credit as the new global co-head of the fintech investment bank as the Swiss bank seeks to rebuild its senior trading group after a series of exits.

City investment bank Liberum hired Peel Hunt’s Nicholas How to fill the role left by Bidhi Bhoma, who was promoted to Managing Director last year, joining his investment banking team to lead its support and industry service coverage.

Meanwhile, the government’s struggle to correct audit regulations continues. As part of a planned watchdog overhaul, a formal recruiting drive has started to hire a new president to lead the board of directors of the Financial Reporting Council, replacing current interim president Keith Skeoch, who is due to leave in October.

Here’s your roundup of the other big hires this week:

Natixis investment managers, the € 1.5 billion asset manager, has appointed Nathalie Wallace as Global Head of Sustainable Investing. Wallace, who takes office on September 1 and will be based in Boston, will report to Joseph Pinto, responsible for distribution for Europe, Latin America, the Middle East and Asia-Pacific. She joins the French asset manager of Mirova US, where she was responsible for ESG strategy and development.

Giant of pensions and investment Royal london announced on August 4 that Jane Guyett has joined the board as a non-executive director. Guyett, who began his role the same day, has held management positions at Bank of America Merrill Lynch in London and New York.

What will the return to the office look like, if there is one? This is the question the banking community has been addressing this week as more hybrid workplans have started to take shape.

In the UK, the government still leaves it up to employers to decide. But the chancellor Rishi Sunakmade it clear on August 3 that he wanted a gradual return.

In the same way Avant-garde. The US fund giant sent a note to staff saying anyone who gets bitten before Oct. 1 will be offered $ 1,000 for their problems.

Flexible working has become a key battleground in the struggle to attract and retain the best talent. japanese bank MUFG became the latest to unveil a hybrid work program for European staff. In the United States, the Wall Street titans seem much more inclined to see staff in person, but that doesn’t mean their hiring policies aren’t changing – we’re exploring why. JP Morgan not only looks to elite universities, but also former Olympians for its next generation of leaders.

What we do know is that those who lag behind will be well compensated for their problems.

Swiss credit ready to follow Wall Street by joining the $ 100,000 club for juniors, as did HSBC with its 18% increase, and Goldman Sachs topped everyone else in going to $ 110,000 for first year analysts. In case you missed it, here’s our roundup of where all the major banks are currently standing when it comes to their salary offerings.

The salary could also rise even more, as reports suggest that cash could drop the premium cap following Brexit.

It’s not just the banking industry, either – law firms continue to publish outstanding results and also raise salaries.

And recruiters report that the fight for talent is unfolding at an unprecedented rate since the heady days before the financial crisis.

To contact the author of this story with comments or news, email FN staff


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