Sheffield Haworth in the News: Efinancial Careers – Bank of America is the big hirer of MDs globally this year

Julian Bell, Managing Director and Head of the Americas at Sheffield Haworth, recently spoke to Efinancial Careers about how hiring across investment Banking in the US has dipped by 5-10% so far this year.  Bank of America stands out clearly front in 2019, with at least 27 MDs hired globally, of whom 19 were in the US, six in Europe and two in Asia. This represents approximately 25% of MD’s hired among the top-10 global investment banks. 

Julian also commented on how the US IBD hiring has been fairly resilient considering market conditions in comparison to Europe and Asia with Healthcare and Technology having the highest levels in hiring.

You can read the article in full here.

Bank of America is the big hirer of MDs globally this year

Bank of America has hired almost a quarter of all the managing directors to have moved between the 10 top bulge bracket firms globally in 2019 as it has rebuilt the top ranks of its investment banking business. 

In a year when global investment banking revenues are down approximately 15% and IBD hiring in Europe and Asia is down 40-50%, senior hiring in the U.S. was level with 2018 at the half year stage and is likely to decline 5-10% at most over the whole year, according to the search firm Sheffield Haworth.

Source: Efinancial Careers