Andy Schaeffer suddenly found himself in a precarious
situation. He'd just been hired to head the US syndicate desk at
Barclays Capital, but as his appointment was about to be announced
news broke that his new firm was trying to hire 40 or more debt
markets bankers from CSFB, including its US syndicate head Don
Devine.
Not only would this have deprived him of his new post, but it would
also have meant him falling victim to the same people once again.
Schaeffer had been head of US syndicate at DLJ for three years, and
lost that position to Devine when CSFB bought DLJ last year.
Luckily for Schaeffer, the CSFB bankers decided to stay put.
Despite having approached Barclays Capital's chief executive Bob
Diamond themselves, and promising not to consider any counter
offers, they did just that.
And that suddenly put Barclays Capital on the map in...
