Bonus comeback

Gold Dollar

Making a bonus comeback in 2014.

It is the comeback of the wheeling and dealing corporate financier.

The Financial Times reports that after many years in which dealmakers have been standing squarely in the shadows of their profit-churning trading colleagues, a resurgent market for takeovers and public listings has boosted advisory bankers’ pay cheques.

Bonuses for London-based bankers advising on deals and capital raisings have risen by a third to £337,000 this year, according to data compiled for the Financial Times by Emolument, an online pay comparison group. Fixed income and equities traders, by contrast, had to stomach a drop in bonuses by almost a fifth to £373,000.

It comes as revenues in the advisory business are on the rise after a longstanding dearth in deals and IPOs finally gave way to a takeover and listing frenzy.

In trading, by contrast, revenues in the bread-and-butter business of bonds and other fixed-income products have been in freefall since last year.

Hit the link below to access the complete Financial Times article:

Banking bonuses overtake trading rewards

London heads for record IPO year despite earlier loss of appetite


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