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The International mobilisation of Investment Banking Leaders

In this era of austerity and mass unemployment, the financial services industry remains gripped by a severe shortage of talent. Excess capacity generated by the global financial crisis has all but evaporated as recovering Investment banks and ambitious new entrants mop up available talent. It is now clear, the gap between 'what the market demands' and 'the available skills' has widened considerably. The shortage of talent has created a rapid increase in the mobilization of executives across international borders. High growth financial services markets like Asia Pacific, Latin America and parts of Europe require new skills to leap frog traditional ways of doing business. The solution comes from recruiting executives away from the more established markets. Although it hasn't reached front page headlines yet, the migration of talented leaders away from centres such as London and New York is gaining momentum. Onerous regulatory measures and high tax regimes are compounding this effect. · In 2010, 35% of the 350 senior management executive searches completed by Sheffield Haworth's international offices secured candidates from outside the country of where the position was based. Net exporters of talent to emerging financial locations came from the traditional financial centres of London and New York. Key statistics · 31% of Asia Pacific external hires transferred to the region from London and US in 2010 compared to 8% in 2009. 37% of MENA external hires transferred to the region from London and US in 2010. Only 10% of London external hires transferred from outside the region in 2010 64% of banking executives interviewed in London indicated a willingness to relocate to a more tax and regulatory friendly environment. An estimated 14% of all movers tracked by Sheffield Haworth in 2010 changed location. Singapore, Hong Kong, Sydney and Geneva seen as preferred locations to relocate. "Top bankers in Asia were given 40 per cent higher bonuses than those based in London. Asia is an extremely competitive area. This is where the pressure is on compensation." (The Financial Times) Stuart Gulliver, Group CEO, HSBC Skill sets in high demand by Investment Banks · Strong technical understanding of complex financial instruments Cross border origination and transactional experience Multi cultural and multi lingual Solution driven sales Leadership and proven relationships development. Regulatory affairs and compliance For more information contact: Tim Sheffield +44 (0) 2072362400 [email protected]

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"We are seeing the war for talent across most of our markets in Asia, Africa and the Middle East, and it is very acute in India and China, where a quarter of our staff are based." (BBC) Peter Sands, Group CEO, Standard Chartered

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sheffieldhaworth.com

Senior external moves from London & USA to Asia Pacific Region March 2010 ­ to date

Name

Matthew Koder

Current Company

Bank of America Merrill Lynch Bank of America Merrill Lynch Barclays Capital

Current Role

Head of Global Corporate & Investment Banking AsiaPacific MD, Financial Institutions Group Asia Head of DCM, Asia ex-Japan

Current Location

Hong Kong

Previous Company

UBS

Previous Role

Global Head of Global Capital Markets

Previous Location

London

Chad Holm

Hong Kong

Citi

MD, Financial Institutions Group MD, Client Coverage of International Client Relationships Head of Syndicate for Europe

New York

Jon Pratt

Hong Kong

Rockefeller Financial

New York

Jorge Munoz

Barclays Capital

Co-Head of ECM Asia-Pacific Head of Liquid Market Sales, Asia-Pacific Head of Financial Strategy, Asia-Pacific Head of Equity Syndicate Asia-Pacific ex-Japan Head of Capital Solutions Asia-Pacific Head of Equity Derivatives Flow Trading for Asia Global Head of Rates Trading

Hong Kong

Deutsche Bank

London

Adrian Valenzuela

Barclays Capital

Hong Kong

JP Morgan

Global Co-Head Equities Distribution

London

Arun Bansal

Citi

Hong Kong

Towers Watson

Head Capital Markets Solutions Business Head of International Equity Capital Markets MD, DCM, Hybrid Capital Structuring & Liability Management Co-Head Equity Derivative Sales & Trading Head of Rates Trading

New York

Rupert Mitchell

Citi

Hong Kong

Jefferies International

London

Sean McNelis

HSBC

Hong Kong

Dresdner Kleinwort

London

James Busta

HSBC

Hong Kong

Deutsche Bank

Moscow

Steve Ashley

Nomura

Tokyo

RBS

London

sheffieldhaworth.com

Senior external moves from London & USA to Asia Pacific Region March 2010 ­ to date

Name

Jean El Khoury

Current Company

Nomura

Current Role

Head of Equity Derivatives Trading for Asia-Pacific Global Head of Equity Strategy

Current Location

Hong Kong

Previous Company

Deutsche Bank

Previous Role

Co-Head of Equity Derivatives Trading for North America US & Global Equity Strategist

Previous Location

New York

Jason Todd

Religare

Hong Kong

Morgan Stanley

New York

Simon Brookhouse

Standard Chartered

Global Head of Equities Global Head of Fixed Income Research President Global Banking & Markets

Hong Kong

Execution Noble

CEO Global Head of Emerging Market Quantitative Strategy & Head of Strategy EEMEA COO UBS Global Investment Bank

London

William Oswald

Standard Chartered

Singapore

JP Morgan

London

Suneel Kamlani

RBS

Hong Kong

UBS

London

sheffieldhaworth.com

Senior internal moves from London & USA to Asia Pacific Region March 2010 ­ to date

Name

Philippe El-Asmar

Current Company

Barclays Capital

Current Role

Head of Distribution for AsiaPacific Head of Commodities AsiaPacific Co-Head of ECM Asia-Pacific

Current Location

Hong Kong

Previous Company

Barclays Capital

Previous Role

Head of Investor Solutions for the Americas Head of Commodities Hybrids Trading

Previous Location

New York

James Groves

Barclays Capital

Singapore

Barclays Capital

London

Marco Schwartz

Barclays Capital

Hong Kong

Barclays Capital

Head of Financial Institutions ECM, EMEA Global Head of Fixed Income Structuring & Advisory Fixed Income Structurer

London

Patrik Sandin

BNP Paribas

Cyril de Lambilly

BNP Paribas

Head of Fixed Income Distribution & Origination, Asia ex-Japan Head of Asia ex-Japan FX & Rates Structuring Head of FX & Local Markets Strategy, Asia ex-Japan COO & Head of Financial Entrepreneurs Group Global Head of Pan-Asian Equity Derivative & Convertible Sales Head of Fixed Income Structuring (Local Market Rates & FX) Head of G10 FX Strategy, AsiaPacific

Hong Kong

BNP Paribas

London

Singapore

BNP Paribas

New York

Patrick Perret-Green

Citi

Singapore

Citi

Strategic Trader

Riyadh

Chris Laskowski

Citi

Hong Kong

Citi

Head of Financial Sponsors Group US Midwest region Head of Institutional Equity Sales, Americas Director, Capital Market Products Structurer G10 FX Strategist

Chicago

Paul Andersson

Citi

Hong Kong

Citi

New York

Gunjan Kathuria

Citi

Singapore

Citi

New York

Todd Elmer

Citi

Singapore

Citi

New York

sheffieldhaworth.com

Senior internal moves from London & USA to Asia Pacific Region March 2010 ­ to date

Name

Alexander Toone

Current Company

Credit Suisse

Current Role

Head of Commodities AsiaPacific Region Head of Commodity Sales & Global Metal Sales Asia-Pacific Head of Fixed Income Sales Asia-Pacific Head of Derivatives Implementation Head of South Asia DCM Origination Head of Equity Origination, Japan Head of Institutional Equity Sales, Asia ex-Japan Head of Commodities

Current Location

Singapore

Previous Company

Credit Suisse

Previous Role

Global Head of Sales for Commodities Head of Sales for Corporates

Previous Location

London

Jared Baker

Credit Suisse

Singapore

Credit Suisse

London

Savady Yem

Credit Suisse

Singapore

Credit Suisse

Duncan Stuart-Reid

Daiwa

Hong Kong

Daiwa

Head of Financial Institutions Solutions Group Europe & Middle East Head of Derivatives IT

London

London

David Greenbaum

Deutsche Bank

Singapore

Deutsche Bank

Head of Leveraged Debt Capital Markets & High-Yield Origination Head of Equity-Linked Origination, EMEA Head of Institutional Equity Sales for the Americas Head of Petro Diamond Trading

New York

Simon Roue

Deutsche Bank

Tokyo

Deutsche Bank

London

Rob Ebert

Deutsche Bank

Hong Kong

Deutsche Bank

New York

Kenichiro Yamaguchi

Deutsche Bank

Tokyo

Deutsche Bank

London

Peter Enns

Goldman Sachs

Head, Financial Institutions Group Asia Head of Private Investor Product Group (PIPG)

Hong Kong

Goldman Sachs

MD, Financial Institutions Group

New York

Stefan Bollinger

Goldman Sachs

Hong Kong

Goldman Sachs

MD, Private Investor Product Group (PIPG) Europe

London

sheffieldhaworth.com

Senior internal moves from London & USA to Asia Pacific Region March 2010 ­ to date

Name

Karl Robijns

Current Company

Goldman Sachs

Current Role

Partner, Head of APAC Commodities MD, Senior Banker General Industries Group (Automotive ) MD, Commodity Sales Asia Pacific Regional Head of Global Banking Head of Wholesale Credit Risk, Asia-Pacific Group CEO

Current Location

Singapore

Previous Company

Goldman Sachs

Previous Role

Head EMEA Oil Trading

Previous Location

London

Tom Fennimore

Goldman Sachs

Beijing

Goldman Sachs

Head of Global Automotive Business

New York

Chris McKey

Goldman Sachs

Singapore

Goldman Sachs

MD, Ags & Metal Sales

London

Russell Julius

HSBC

Hong Kong

HSBC

Chairman Equities

London

Mark Mckeown

HSBC

Hong Kong

HSBC

Global Head of Credit Services & KYC Global Banking & Markets Chairman Europe, Middle East & Global Businesses CEO Europe

London

Stuart Gulliver

HSBC

Hong Kong

HSBC

London

David Stevens

ITG

Chief Executive, Asia- Pacific

Hong Kong

ITG

London

Ray Eyles

JP Morgan

CEO Asia Pacific Commodities Group Head of Power, Gas, Coal & Emissions Trading & Sales Asia Head of Financial Institutions Group, Asia ex-Japan

Singapore

JP Morgan

Head of Global Commodities Strategic Trading MD, European Gas & Power Trading

London

Mansoor Sheikh

JP Morgan

Singapore

JP Morgan

London

Petter Sternby

Nomura

Hong Kong

Nomura

Co-Head of Nordic Investment Banking

London

sheffieldhaworth.com

Senior internal moves from London & USA to Asia Pacific Region March 2010 ­ to date

Name

Shaun Treacy

Current Company

Nomura

Current Role

Global Head of Natural Resources Head of Sales & Distribution for Asia Head of Global Banking, AsiaPacific Head of Equity Syndicate Asia

Current Location

Hong Kong

Previous Company

Nomura

Previous Role

Co-Head of Energy & Power

Previous Location

London

Brent Reuter

RBC Dexia

Hong Kong

RBC Dexia

Director of Sales

Toronto

Matthew Kirkby

RBS

Hong Kong

RBS

Global Head of Equities Origination & Corporate Finance Global Head of Block Trading

London

Sam Kendall

UBS

Hong Kong

UBS

London

Alex Wilmot-Sitwell

UBS

Chairman & CEO Asia-Pacific

Hong Kong

UBS

Co-CEO Investment Bank & Chairman & CEO for UBS Group, EMEA

London

sheffieldhaworth.com

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