Macaskill on markets: FICC sales and trading stars bring baggage

Compensation could become a sore point if 2010 fails to turn into the FICC bonanza many bank heads seem to be expecting.

 

Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks

Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks

To what extent does the success of a FICC franchise depend on its managers? It clearly does not hurt market leader Goldman Sachs that chief executive Lloyd Blankfein and president Gary Cohn both rose from a FICC background. Goldman has plenty of high-performing talent still embedded in FICC, often in the form of surprisingly young managers.

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