Investment banks are bracing for a crunch year in which they must deliver a step change in deal fees to justify record share prices and expensive hires made during a two-year downturn. The six listed independent investment banks — Evercore, Lazard, PJT, Moelis, Perella Weinberg and Houlihan Lokey — reached record highs in recent weeks as investors anticipate a long-awaited recovery in mergers and acquisitions activity under Donald Trump’s second presidency.
After the pandemic-era boom investment banks guaranteed packages worth upwards of $9mn a year for two years to persuade high-profile personnel to move, according to senior investment bankers, although packages of $4mn were more common. “The compensation numbers are staggering in some instances,” said Julian Bell, global head of the banking and markets group at headhunter Sheffield Haworth.
Nederland Laatste Nieuws, Nederland Headlines
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