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German corporate financiers still in demand.
(From Financial News (Daily))
A number of leading financial institutions including Merrill Lynch and UBS Warburg still feel 'underpowered' in Frankfurt, fuelling an intense demand for German investment bankers despite the downturn in the markets, according to headhunters in London.Jonathan Baines, sector chairman of global financial services at Whitehead Mann, said: 'We still have mandates to find senior investment bankers in Germany. Just because the markets have turned down we have not suddenly found ourselves with a whole lot of German bankers.
They don't exist now any more than they ever have done.'
Big investment banks are desperate to find bankers with established relationships with the German banks and with the Mittelstand, the thousands of privately owned businesses that make up Germany's medium-sized company sector.
While compensation for such corporate financiers is not at the level it was two or three years ago, pay for those with the right relationships remains ...
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