It’s that time of year. It’s important that business gets off to a steady start but there are also all those appraisals to write and remuneration to negotiate. It is never an easy process but, from what we are hearing, it could be more fraught this year.
First, there’s performance: 2009 was a good year and prompted ambitious targets for 2010. The word regarding FX trading and sales is that, while some houses are letting it be known that 2010 was great, a fair few, a sizeable majority even, have undershot by 25% or so.
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