Who is top of the front office 'fairest bank' league table ?
UBS and Credit Suisse are the most generous to their London senior front office staff among investment banks, as ranked by the ratio of average director bonuses to mergers and acquisitions revenue, according to Emolument.com.
Bloomberg News reports that Rothschild ranked third in the survey of 1,077 front office directors, with bonuses measured as a percentage of total M&A transactions in 2014, the salary benchmarking site said in an e-mailed statement on Wednesday.
Fairest banks league table
| Rank | Fairest Employers |
|---|---|
| 1 | UBS |
| 2 | Credit Suisse |
| 3 | Rothschild |
| 4 | Deutsche Bank |
| 5 | Citigroup |
| 6 | JP Morgan Chase |
| 7 | Barclays |
| 8 | Morgan Stanley |
| 9 | Bank of America Merrill Lynch |
| 10 | Goldman Sachs |
How employer fairness is calculated : (2014 Total M&A income of Bank] / (Average Director bonus of Bank)
Average bonus by bank
Banks bonuses and M&A results
| Bank | Bonus (in £) | Total M&A transactions values FY2014 (in million £) |
|---|---|---|
| JP Morgan Chase | £238,000 | £191,000 |
| Morgan Stanley | £235,000 | £207,000 |
| Credit Suisse | £215,000 | £86,000 |
| Deutsche Bank | £208,000 | £146,000 |
| Bank of America Merrill Lynch | £202,000 | £218,000 |
| UBS | £195,000 | £73,000 |
| Goldman Sachs | £187,000 | £298,000 |
| Citigroup | £155,00 | £133,000 |
| Rothschild | £141,000 | £102,000 |
| Barclays | £128,000 | £111,000 |
UBS Is ‘Fairest’ Sharing M&A Fees With Its Bankers, Survey Says
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