Schroder bankers lend key roles in SSB

Article Abstract:

Salomon Smith Barney (SSB) has brought forward to Feb 14, 2000, the annual bonus payment round for merger and acquisition teams at Schroders, which it has purchased for 1.3 billion pounds sterling. It is anticipated that most leading corporate financiers at Schroders will move to SSB. A key issue for SSB is to keep Schroders' franchise intact, and it has rejected rumours that Schroders was its second-choice purchase target after Warburg Dillon Read. Schroders provides SSB with a large number of respected UK dealmakers, along with a financial institutions group of around 65 professionals.

Salomon Smith Barney Holdings Inc., Schroders PLC

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M&A advisory rocked by internet exodus: dozens quit for startups as investment banks struggle to keep young talent

Article Abstract:

It is becoming increasingly common for employees in merger and acquisition departments of investment banks to move to technology startups. There have been many departures at associate director level, and Merrill Lynch and Morgan Stanley Dean Witter have also lost managing directors. Talented young investment bankers are being attracted to the opportunities offered by the boom in the internet sector, rather than to high salaries. Investment banks will now be forced to review their salary structures.

Human resource management

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Beating the bulge

Article Abstract:

US investment banks are increasing their presence in the UK market, after a series of high profile UK investment firms have been incorporated into larger firms through mergers in 1997. Credit Suisse First Boston (CSFB) purchased the European business of BZW for 100 million pounds sterling in 1997, in an attempt to increase its UK client base and expand into European deals. Over 40% of European mergers and acquisitions activity involve a UK company. Quality trained employees will be highly sought after in 1998, as newly established firms begin a recruitment drive.

Mergers & Acquisitions, Credit Suisse First Boston L.L.C., BZW Convertible Investment Trust PLC

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