Big Bonuses for Asian Private Bankers, Energy Traders

StockJockey's avatar
by StockJockey
Monday, December 12, 2005 - 10:03 am

From a London trade mag called Here Is The City, more gossip on the bonus front:

  • Private bankers in Asia look set for a bumper year. The war on talent in this area is likely to result in bonuses, on average, rising 50% this year. According to a Boston Consulting Group study, base salaries are also likely to take a hike of up to 30%.
  • Top energy traders are also likely to receive bonuses up 50% (up to $10m each) on last year, as firms will earn around $8bn in commodities-related revenues in 2005.

    • And from the “Sharing the Wealth” department, news that Morgan Stanley’s cleaning crew in London is getting a pay raise to $12 an hour. Don’t spend it all at once, guys!
    Latest on the Bonus Front [Here Is The City]

    Comments:

    Oh, c’mon. 12 bucks goes a long way in London these days.

    Posted by Anonymous  on  12/31/1969  at  03:00 PM
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