FOR IMMEDIATE RELEASE:
Dallas, TX 7/1/2014
The tone in structured finance recruitment on each side of the Atlantic is cautious at best. While hiring continues in both the US and Europe, it is limited and must be set against the backdrop of other large teams being closed down. Partially the issue is that markets are not providing the kind of opportunities that people had hoped for. In the current environment, a recruitment drive is probably not high on most institutions’ priority list.
“RMBS is getting crushed right now. It is a tough market, with very tight spreads, low vol and low volumes,” says Chadrin Dean, consultant at Integrated Management Resources. He continues: “That makes life difficult and a lot of shops are having to cut back. There does not appear to be any relief, so I do not see them bouncing back soon.”