Would you trade Goldman Sachs or Morgan Stanley for a role at Macquarie? Over the past few weeks, the Australian investment bank has been poaching senior bankers from large U.S. banks in both London and New York.
Evan Morris, who joined Goldman Sachs in September 2014 as a managing director in FICC EMEA sales and head of Africa sales, has just signed up to Macquarie in London. He's a managing director there.
Morris joined Goldman Sachs in sales, but had previously worked in commodities structuring at Deutsche Bank. He worked at Deutsche for over 10 years and held the role of head of asset liability management, but latterly moved across to commodities structuring.
Macquarie's capital markets divisions have not been immune to the streamlining hitting larger banks. In November, it announced plans to merge two of its trading businesses to form a new Commodities and Global Markets Group. Its latest results - to the end of September 2016 - suggest that headcount across the organisation has fallen by 556 over the course of six months.
The Australian investment bank has also taken on Andrew Dietz from Morgan Stanley. He was a managing director and head of investor coverage for merchant banking and real estate investing for the bank in New York.
He’s joined Macquarie’s infrastructure and real estate assets team as a managing director, within its institutional investor coverage team. Dietz worked at Morgan Stanley for around 18 months, and left in November last year.
It's an unusual time to move, considering that most U.S. investment banks are about to announce their 2016 bonus payments. However, Macquarie pays its bonuses at the end of the cycle in around May.
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