Whatever else happens in his career, Ralph Hamers will be able to take pride in the fact that he was partly responsible for the biggest quarterly profit ever reported in the history of banking. He was only CEO of UBS for five days of that quarter, admittedly, but he was in the top job when the acquisition of Credit Suisse was agreed, so in his ...
Even at the most collegiate of firms, there’s always a little bit of needle between different groups. Trading versus M&A advisory, research versus sales, wherever you have different specialities there will be different priorities, disputes over the division of the bonus pool and so on. Everyone considers themselves and their friends to be salt-of-the-earth hard-working types who are responsible for all the real value add, ...
Do you remember DLJ? It seems that you do if you were there. Donaldson, Lufkin & Jenrette was the archetype of a happy friendly investment bank where everyone liked each other and the fun flowed like tidal silt. So say those who experienced it. "We had a culture. We liked each other,” said DLJ's former co-head of M&A at a reunion party that Bloomberg happened to ...
