These are heady times for Eurobond traders, caught in a spiral of salary increases sparked by the latest firms to make an assault on the market. But the age-old nostrum of the bond markets, buyer beware, could equally apply to banks on a recruitment spree.
The recruitment merry-go-round for Eurobond traders appears to have spun out of control. Simon Fry, Stefan Ludwig and John Carroll set a new benchmark for Eurobond traders’ salaries in November 1994 when they moved from CS First Boston to Nomura for a reputed total of $20 million over three years.
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