For Recruiters
A team of bankers has left at a peculiar time.

Mystery exit of entire investment banking team before bonuses

A team of London investment bankers has mysteriously disappeared only months before bonuses are paid. 

Simon Barass, Garth Hackshall and Anurag Verma are understood to have left Keefe, Bruyette & Woods (KBW), along with members of their team.

None of the men responded to a request to comment on what they're up to next. However, sources suggested they have left to form their own boutique. Insiders at KBW confirmed there have been multiple exits from the team.

KBW is part of Stifel Financial Corp, the diversified financial services firm. When Stifel reported its third quarter results in October, it revealed a 39% decline in investment banking revenues and a 25% decline in compensation spending.

While most large investment banks have experienced substantial declines in their revenues this year and some are trimming jobs (Barclays, Goldman, Citi, for example), boutiques have been making bullish noises. Moelis & Co., for example, says it's still hiring; it recently recruited the head of M&A from Deutsche Bank. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

 

author-card-avatar
AUTHORSarah Butcher Global Editor
Cancel

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs