Who wants to be a non-exec?

Ask anyone who has been involved in recruiting bank directors recently and they will tell you it is extremely difficult

There is a risk that good people contemplating a non-executive post on a bank board could think: “Why would I want to do this?” So said Andrew Bailey, head of the Prudential Regulation Authority, at a conference last month.

He was quite right - except it's not a risk, it's a reality. Ask anyone who has been involved in recruiting bank directors recently and they will tell you it is extremely difficult.

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Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout FirmsExternal link

Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms