Banks beef up ECM teams in Europe

摘要

European equity capital markets desks are reviewing their staffing levels after a surge in issuance in the first quarter of the year, with proceeds rocketing to US$81bn - some 55% up on the previous three months. But with tight constraints still on hiring, many firms are choosing to recruit bankers selectively, opting for senior people who can operate across a broad remit or in areas of core strength.