Saturday, 21st November 2009

 

16 March 2009 - Press Briefing

Barclays Global Investors names chief for transition strategy

Barclays Global Investors has recruited David Gagnon as director of transition strategy from Nomura, according to a report in the Financial Times.

Gagnon formerly served in transition management at Lehman Brothers.

Separately, Collins Stewart Wealth Management has hired Tracey Carter from Royal Bank of Scotland for its treasury function.

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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