<div><a target="_blank" href="https://www.sheffieldhaworth.com/financial-services/markets/">Sheffield Haworth</a> US Global Markets team have tracked over 142 senior leadership moves in 2021 year to date.&nbsp;</div><div><strong>&nbsp;</strong></div><div><strong>Overall Hiring and Promotion trends YTD:</strong></div><div>The following chart shows the overall trend in leadership moves since the beginning of 2021, where we see movement trending upwards with a spike in September. In 2021 YTD, <strong>61%</strong> of senior leadership movement were attributed to hires and<strong> 27%</strong> promotions.&nbsp;<br><br></div><div><figure data-trix-attachment="{&quot;contentType&quot;:&quot;image/png&quot;,&quot;filename&quot;:&quot;image.png&quot;,&quot;filesize&quot;:23498,&quot;height&quot;:316,&quot;href&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0Mll3eHc3V21tdzJ3MEhFMEFRODZtRjZpazdhNU9QdzdTZUZiemNMOERBaTlWK2RtaUt2ZktFR0NicWNleTZ4MFpkQUJCbXJNRlE3T0ZuTHlMYTBQdE09&quot;,&quot;url&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0Mll3eHc3V21tdzJ3MEhFMEFRODZtRjZpazdhNU9QdzdTZUZiemNMOERBaTlWK2RtaUt2ZktFR0NicWNleTZ4MFpkQUJCbXJNRlE3T0ZuTHlMYTBQdE09&quot;,&quot;width&quot;:531}" data-trix-content-type="image/png" data-trix-attributes="{&quot;presentation&quot;:&quot;gallery&quot;}" class="attachment attachment--preview attachment--png"><a target="_blank" href="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0Mll3eHc3V21tdzJ3MEhFMEFRODZtRjZpazdhNU9QdzdTZUZiemNMOERBaTlWK2RtaUt2ZktFR0NicWNleTZ4MFpkQUJCbXJNRlE3T0ZuTHlMYTBQdE09"><img src="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0Mll3eHc3V21tdzJ3MEhFMEFRODZtRjZpazdhNU9QdzdTZUZiemNMOERBaTlWK2RtaUt2ZktFR0NicWNleTZ4MFpkQUJCbXJNRlE3T0ZuTHlMYTBQdE09" width="531" height="316"><figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">22.95 KB</span></figcaption></a></figure></div><div>&nbsp;</div><div><strong>Hiring and promotion trends by Major Asset Classifications:</strong></div><div>The following chart compares the hiring and promotion trends between the major classification in Global Markets: FIC (Fixed Income &amp; Currencies), Equities (Equity, Equity Derivatives, &amp; Prime) &amp; Others (which covers cross assets and CIB). We see FIC starting off the year with the most activities with a slight slump in February and March before picking up again for the summer and into its peak in September. Equities on the other hand peaked in May and have had steady movements for the rest of the year.&nbsp;</div><div>&nbsp;<figure data-trix-attachment="{&quot;contentType&quot;:&quot;image/png&quot;,&quot;filename&quot;:&quot;image.png&quot;,&quot;filesize&quot;:74152,&quot;height&quot;:369,&quot;href&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0M1lZV3REckU1dnQ3MlgrM1FkZ0NraDRCTC85TkpqQWRzN29xblllTUJiYjZHdkhEdDNaMG9ET2xmNy9DUUtjdEVSUjYrTnMxUnJNMkl1MUFHTWhWaFU9&quot;,&quot;url&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0M1lZV3REckU1dnQ3MlgrM1FkZ0NraDRCTC85TkpqQWRzN29xblllTUJiYjZHdkhEdDNaMG9ET2xmNy9DUUtjdEVSUjYrTnMxUnJNMkl1MUFHTWhWaFU9&quot;,&quot;width&quot;:1017}" data-trix-content-type="image/png" data-trix-attributes="{&quot;presentation&quot;:&quot;gallery&quot;}" class="attachment attachment--preview attachment--png"><a target="_blank" href="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0M1lZV3REckU1dnQ3MlgrM1FkZ0NraDRCTC85TkpqQWRzN29xblllTUJiYjZHdkhEdDNaMG9ET2xmNy9DUUtjdEVSUjYrTnMxUnJNMkl1MUFHTWhWaFU9"><img src="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0M1lZV3REckU1dnQ3MlgrM1FkZ0NraDRCTC85TkpqQWRzN29xblllTUJiYjZHdkhEdDNaMG9ET2xmNy9DUUtjdEVSUjYrTnMxUnJNMkl1MUFHTWhWaFU9" width="1017" height="369"><figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">72.41 KB</span></figcaption></a></figure></div><div>&nbsp;</div><div><strong>Gender balance amongst senior leadership in US Global Market, YTD:</strong></div><div>Regarding gender balance amongst the movements of senior leadership which we have tracked YTD, the gender split was <strong>16%</strong> female and <strong>84%</strong> male.<br><br><figure data-trix-attachment="{&quot;contentType&quot;:&quot;image/png&quot;,&quot;filename&quot;:&quot;image.png&quot;,&quot;filesize&quot;:14432,&quot;height&quot;:272,&quot;href&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MGtqcTFIZzdjM0VvMVlZUTkrais5QTQ4TVJqbUVmKytqcXJrYm5Kb2UwcklpSTQvb0Rhem9sWVV0YnlBR3JJY1FNS3JtZzliQzJQVmlHZGN6REtKN3M9&quot;,&quot;url&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MGtqcTFIZzdjM0VvMVlZUTkrais5QTQ4TVJqbUVmKytqcXJrYm5Kb2UwcklpSTQvb0Rhem9sWVV0YnlBR3JJY1FNS3JtZzliQzJQVmlHZGN6REtKN3M9&quot;,&quot;width&quot;:383}" data-trix-content-type="image/png" data-trix-attributes="{&quot;presentation&quot;:&quot;gallery&quot;}" class="attachment attachment--preview attachment--png"><a target="_blank" href="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MGtqcTFIZzdjM0VvMVlZUTkrais5QTQ4TVJqbUVmKytqcXJrYm5Kb2UwcklpSTQvb0Rhem9sWVV0YnlBR3JJY1FNS3JtZzliQzJQVmlHZGN6REtKN3M9"><img src="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MGtqcTFIZzdjM0VvMVlZUTkrais5QTQ4TVJqbUVmKytqcXJrYm5Kb2UwcklpSTQvb0Rhem9sWVV0YnlBR3JJY1FNS3JtZzliQzJQVmlHZGN6REtKN3M9" width="383" height="272"><figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">14.09 KB</span></figcaption></a></figure></div><div><br></div><div>Female leadership movements is split by <strong>59%</strong> new hires; <strong>36% </strong>are promotion; and <strong>5%</strong> departure.<br><br><figure data-trix-attachment="{&quot;contentType&quot;:&quot;image/png&quot;,&quot;filename&quot;:&quot;image.png&quot;,&quot;filesize&quot;:16037,&quot;height&quot;:248,&quot;href&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MU44VXN1dVVHNUp3bzl3U2JybUVVMTJJYmFkRnYyb080QXliNGFIbmtRQ3Ftbi8yUi9GMmNKUFk5a1J2Tm9Kc0ZHejhkc0FSVW9EL2YrRll4SzRxaVU9&quot;,&quot;url&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MU44VXN1dVVHNUp3bzl3U2JybUVVMTJJYmFkRnYyb080QXliNGFIbmtRQ3Ftbi8yUi9GMmNKUFk5a1J2Tm9Kc0ZHejhkc0FSVW9EL2YrRll4SzRxaVU9&quot;,&quot;width&quot;:328}" data-trix-content-type="image/png" data-trix-attributes="{&quot;presentation&quot;:&quot;gallery&quot;}" class="attachment attachment--preview attachment--png"><a target="_blank" href="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MU44VXN1dVVHNUp3bzl3U2JybUVVMTJJYmFkRnYyb080QXliNGFIbmtRQ3Ftbi8yUi9GMmNKUFk5a1J2Tm9Kc0ZHejhkc0FSVW9EL2YrRll4SzRxaVU9"><img src="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0MU44VXN1dVVHNUp3bzl3U2JybUVVMTJJYmFkRnYyb080QXliNGFIbmtRQ3Ftbi8yUi9GMmNKUFk5a1J2Tm9Kc0ZHejhkc0FSVW9EL2YrRll4SzRxaVU9" width="328" height="248"><figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">15.66 KB</span></figcaption></a></figure></div><div><br><strong>Industry shifts in US Global Markets Senior Leadership hiring trend:</strong></div><div>We have also observed a movement trend in the industries, as there has been significant hiring activity of talent from the sell-side to buy-side firms and most of the movements have been across trading. We understand that two of the main selling points for buy-side firms is the flexibility in remote working that they offer and compensation structure.&nbsp;<br><br></div><div><strong>Notable moves to buy side this year include:&nbsp;</strong></div><ul><li><a target="_blank" href="https://talnt.sh/article/63951">John Cortese</a>, former Co-Head of Credit Trading at Barclays to Apollo to be Head of Global Credit Trading</li><li><a target="_blank" href="https://talnt.sh/article/35645">Shawn Faurot</a>, former Head of US Credit Trading at Deutsche Bank to Sycamore Partners</li><li><a target="_blank" href="https://talnt.sh/article/73348">Matt Zhang</a>, former Co-Head of Structured-Products Trading and Solutions division at Citi, has started his own cryptocurrency firm, Hivemind</li><li><a target="_blank" href="https://talnt.sh/article/40072">David Kim</a>, former Head of US Equity Derivatives Trading at BoA to Citadel</li><li><a target="_blank" href="https://talnt.sh/article/41592">Moran Forman</a>, former Equity Index Derivatives trader at Goldman Sachs to Rokos Capital</li><li><strong>Stacy Selig</strong>, former Co-Head of Global Sales Strats and Americas Structured Sales at Goldman Sachs to Millennium.</li><li><a target="_blank" href="https://talnt.sh/article/63689">Christopher Perkins</a>, former Managing Director, Global Co-Head of Futures, Clearing &amp; FX Prime Brokerage Business at Citi to CoinFund</li><li><strong>Michael Caperonis</strong>, former Co-Global Head of Equities &amp; Head of Credit Trading Americas at Nomura to Apollo Management</li><li><strong>Mark Chen</strong>, former Head of Equity Flow Sales at Citi has joined Millennium</li><li><strong>Bankole Omodunbi,</strong> former Goldman Sachs, Global Head of Electronic Principal Trading Products has left to start his own financial technology company.</li><li><a target="_blank" href="https://talnt.sh/article/73437">Brett Fischer</a><strong>,</strong> former Head of Americas Electronic Equity Sales at JP Morgan has joined Tourmaline Partners.</li></ul><div><br></div><div><strong>Top 10 companies with the most departures YTD:<br></strong><br></div><div><figure data-trix-attachment="{&quot;contentType&quot;:&quot;image/png&quot;,&quot;filename&quot;:&quot;image.png&quot;,&quot;filesize&quot;:44869,&quot;height&quot;:474,&quot;href&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0endna2RNMDVsWXNMbEJCc05lR2gxN2ltcy9WRlRCZDg5UERZalF4bWtxM1JVOGRVcnZPaXBEeDZUUTZnczJWQzU3dWFVcGF0dGRvNy8rK0hVVDB0dW89&quot;,&quot;url&quot;:&quot;http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0endna2RNMDVsWXNMbEJCc05lR2gxN2ltcy9WRlRCZDg5UERZalF4bWtxM1JVOGRVcnZPaXBEeDZUUTZnczJWQzU3dWFVcGF0dGRvNy8rK0hVVDB0dW89&quot;,&quot;width&quot;:791}" data-trix-content-type="image/png" data-trix-attributes="{&quot;presentation&quot;:&quot;gallery&quot;}" class="attachment attachment--preview attachment--png"><a target="_blank" href="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0endna2RNMDVsWXNMbEJCc05lR2gxN2ltcy9WRlRCZDg5UERZalF4bWtxM1JVOGRVcnZPaXBEeDZUUTZnczJWQzU3dWFVcGF0dGRvNy8rK0hVVDB0dW89"><img src="http://api-cdn.beta.talnt.sh/v1/images/dnVBYjgzMU4yTkxVbXZFVnByblR0endna2RNMDVsWXNMbEJCc05lR2gxN2ltcy9WRlRCZDg5UERZalF4bWtxM1JVOGRVcnZPaXBEeDZUUTZnczJWQzU3dWFVcGF0dGRvNy8rK0hVVDB0dW89" width="791" height="474"><figcaption class="attachment__caption"><span class="attachment__name">image.png</span> <span class="attachment__size">43.82 KB</span></figcaption></a></figure></div><div>&nbsp;</div><div><strong>CS and the Impact of Archegos: &nbsp;</strong></div><ul><li>Leadership changes: at CS Brian Chin, former Head of the Investment Bank was replaced by Christian Meissner, previously Global Head of CIB at Bank of America, who joined Credit Suisse in 2020.&nbsp;</li><li>Departures in Equity Sales, Trading &amp; Prime Brokerage â&nbsp;<ul><li>there were several departures from CS: <a target="_blank" href="https://talnt.sh/article/39631">Paul Galietto</a>, Head of Equities Sales &amp; Trading &amp; Prime Brokerage Co-Heads John Dabbs and Ryan Nelson stepped down</li><li>a team of 4 credit traders left for HSBC; <strong>Bill Bors </strong>a sales trader joined Barclays;&nbsp;</li><li><a target="_blank" href="https://talnt.sh/article/56266">Jason Vickery,</a> Head of Program Trading joined Mizuho.&nbsp;</li><li>Global Head of Prime Brokerage at Morgan Stanley, <a target="_blank" href="https://talnt.sh/article/47151">Ed Keller</a> stepped down and was replaced by <strong>Penny Novick</strong> &amp; <strong>Kim Shaw.</strong>&nbsp;</li><li><strong>Oliver Taylor</strong>, Global Equity Exotics Trading, EMEA Corporate and Convert Trading from JP Morgan, has joined Citi as Head of Americas Cash and Equity Derivatives Trading.&nbsp;</li></ul></li></ul><div><br><em>Written by: Kimee Lee.&nbsp;<br>For more information contact Kimee Lee, k.lee@sheffieldhaworth.com or Beatrice Collison, b.collison@sheffieldhaworth.com</em></div><div>&nbsp;</div>

TALNT Insights

Markets Insights

Senior Leadership Moves Within US Global Markets 2021 YTD

<h1>Big banks continued to hire as COVID hit</h1><div><br></div><ul><li>Banks have continued to hire throughout the pandemic.</li><li>The top 5 most active hirers were <a target="_blank" href="https://www.talnt.sh/tag/891">Citi</a>, <a target="_blank" href="https://www.talnt.sh/tag/3410">HSBC</a>, <a target="_blank" href="https://www.talnt.sh/tag/2380">Credit Suisse</a>, <a target="_blank" href="https://www.talnt.sh/tag/5947">UBS</a> and <a target="_blank" href="https://www.talnt.sh/tag/5483">Standard Chartered</a>, collectively taking on a total of <strong>229 </strong>senior hires.</li><li>Nonetheless, TALNT has recorded high numbers of departures, especially from <a target="_blank" href="https://www.talnt.sh/tag/3410">HSBC</a>, <a target="_blank" href="https://www.talnt.sh/tag/463">Bank of America</a>, <a target="_blank" href="https://www.talnt.sh/tag/517">Barclays</a>, <a target="_blank" href="https://www.talnt.sh/tag/2515">Deutsche Bank</a> and <a target="_blank" href="https://www.talnt.sh/tag/3216">Goldman Sachs</a>. A total of senior <strong>91</strong> executives departed from these firms in 2020.</li><li>Over <strong>50%</strong> of departures recorded by TALNT were from Deutsche Bank, which <a target="_blank" href="https://www.talnt.sh/article/22635">we looked at earlier in the year</a>.</li></ul><div><br><br></div><div><br></div><div><br></div><div><br></div><div><br></div>

Wealth & Asset Mgmt Insights

Banking Insights

Banks Hiring in 2020 | TALNT Insights | Global

<h1>Citi lead senior Banking &amp; Markets appointments</h1><div><br></div><ul><li><a target="_blank" href="https://www.talnt.sh/tag/891">Citi</a> are the top senior hirers across <a target="_blank" href="https://www.talnt.sh/banking">Banking</a> and <a target="_blank" href="https://www.talnt.sh/markets">Markets</a> this year, pulling ahead in Q2 and Q3.</li><li><a target="_blank" href="https://www.talnt.sh/tag/517">Barclays</a> leads senior appointments in Q3, with half of their total hires this year.</li><li>Despite trailing the group in total hires, <a target="_blank" href="https://www.talnt.sh/tag/7050">BNP Paribas</a> have appointed the highest percentage of women this year (38%), followed by <a target="_blank" href="https://www.talnt.sh/tag/891">Citi</a> (25%).</li><li><a target="_blank" href="https://www.talnt.sh/tag/5947">UBS</a> falls short in this category - none of the bankâs 16 senior appointments recorded by TALNT were female.</li><li>20% of all Banking and Markets senior appointments recorded were female.</li></ul><div><br><em>This insight first appeared in TALNT 321, the weekly newsletter from TALNT, on 26/10/2020</em></div><div><br></div>

Banking & Markets Appointments | TALNT Insights | Global

<h1>HSBC Lead Wealth &amp; Asset Management Hiring Globally in 2020</h1><div><br><strong>BNY, UBS lead Americas; Citadel muscles in.<br></strong><br></div><ul><li>The top 10 hiring companies in Wealth and Asset Management represent 14% of the sector's total hires recorded by TALNT this year.</li><li><a target="_blank" href="https://www.talnt.sh/tag/3410">HSBC</a> are the most active hirers across both Private Banking and Asset Management, with the majority in EMEA and ASIAPAC.</li><li>Not surprisingly, in the top 10 Americas is the most active region (54), closely followed by EMEA (53) and ASIAPAC (38).</li><li><a target="_blank" href="https://www.talnt.sh/tag/887">Citadel</a> have been active in the last 6 months with a series of hires across Americas and ASIAPAC.</li></ul><div><br><em>This insight first appeared in TALNT 321, the weekly newsletter from TALNT, on 19/10/2020.</em></div>

Insights

Latest TALNT Views

Senior Leadership Moves Within US Global Markets 2021 YTD

Banks Hiring in 2020 | TALNT Insights | Global

Banking & Markets Appointments | TALNT Insights | Global

Wealth & Asset Management Hiring | TALNT Insights | Global

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