HSBC Europe boss Lisa McGeough on the bank’s new ‘Dragons’ Den’ and why the poaching risk is waning

When Lisa McGeough joined HSBC in July last year to lead its European investment bank, she faced a task of continuing to turn the business around as she took the reins from bank veteran Philippe Henry, who retired after 32 years at the UK lender. Europe had felt the brunt of a number of cuts … Read more

Raymond James boss Paul Reilly bets big on the UK: ‘I do not have a cap on the number of hires’

It is June 2016. The UK votes to leave the EU. Reports predict thousands of job losses and a severe decline in the City of London. That’s when bosses at Raymond James began the company’s push into European investment banking. Some questioned whether the US mid-market specialist’s foray into the UK and Europe would last. … Read more

Pirc tells Barclays shareholders to vote against pay report

Barclays investors have been urged by a major adviser to oppose the bank’s remuneration policy, raising the prospect of a shareholder rebellion over executive pay at the UK lender. Pirc, which advises large shareholders, has recommended voting against Barclays’ remuneration report at its annual general meeting on 4 May, citing concerns over the pay of … Read more

City workers moving jobs see 22% salary bump as competition for talent intensifies

City workers changing jobs in the first quarter of the year have received a typical salary bump of 22% amid a fierce battle for talent across financial services. This is “indicative of the short supply of candidates available within the London financial services markets,” said Hakan Enver, managing director at recruitment firm Morgan McKinley UK. … Read more

Keith Skeoch: ‘Banks have come a long way since the dark days of 2008’

Keith Skeoch chaired the UK Government’s Ring-Fencing and Proprietary Trading Review, and is the former co-chief executive of Standard Life Aberdeen The ring-fencing regime was introduced following the financial crisis and broadly required banks to separate their retail businesses from investment banking. In the same way RBS became the poster child of the financial crisis, … Read more

Bumper bonuses for dealmakers mean women fall further behind on pay

A bumper bonus round for investment banks has exposed the stark lack of women in senior, highly paid roles in the sector. Women have slipped further behind their male colleagues at some of the top investment banks in the City when it comes to bonuses this year, after a surge in dealmaking in 2021 prompted … Read more