Elite boutiques including Evercore, Moelis and PJT Partners have removed ‘DEI’ or diversity references from annual reports as US president Trump pushes back
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The boutique investment bank slipped to a £5.2m loss for 2023, according to new accounts, but average remuneration is on the up
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The elite boutique has been expanding as larger rivals have scaled back
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The boutique bank has been on a hiring spree over the past 12 months
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The boutique is continuing to hire as rivals have cut back
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The boutique is in the midst of its ‘most consequential hiring year ever’
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Boutiques are hiring at record rates as Wall Street banks have cut thousands of jobs
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Masud's departure from Bank of America comes just two months after the US bank poached Rahul Bhandari from JPMorgan to co-head the unit
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The boutique had a record start to the year, but conditions were tougher in the second quarter
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The firm put aside $159.2m in compensation costs in the first quarter, an increase of 19%
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Investment banks have rolled out perks to keep hold of junior bankers as demanding workloads take their toll
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The deal boom offset a sharp drop off in revenue within its restructuring unit