Looks like we've finally found some good news. City recruiters are likely to be camping outside BarCap's Canary Wharf office with handfuls of cvs soon, as Financial News reports that the firm is to hire 1,500 additional staff in 2008.
The firm, which has increased headcount by 6,600 over the last three years, currently employs almost 15,500 staff. The 10% projected headcount increase for next year is likely to be spread out around the globe, although Asia is seen as a major area of expansion. On the downside, Citi is said to have fired five of its 15-person London-based CDO team last week.
The Daily Telegraph reports that Royal Bank of Scotland boss Sir Fred Goodwin is understood to have been informally approached about being Citi's new CEO. Although he could potentially earn five times as much by taking on the Citi role, he is thought unlikely to take the plunge.
The newspaper also reports that Dresdner Kleinwort last week parted company with Mark Richardson, its head of equity and credit derivatives, and Neil Walker, its head of credit trading. Both have gone in under a year.
Finally, The Sunday Times reports that Knight Vinke, the activist fund manager which has its sights on HSBC, is itself under the microscope. According to the newspaper, California pension fund Calpers is thought to be pressing for a better performance (the fund rose 7.91% in the first 6 months of the year). A spokesperson for the firm has denied, however, that there was any tension in the air.