Top Firm Boss Says 'No Plan On Horizon For Downsizing'
And The Independent-On-Sunday reports that Barclays Capital is on the prowl for 100 M&A professionals and equities staff to build out its European platform. The newspaper quotes a firm spokesperson, who says: 'We are looking to build up our equities business throughout Europe, with new teams for research, sales and trading. At the same time, we are hiring M&A bankers for our offices in Paris, Madrid, Frankfurt and Milan, as well as London'. CVs to Bob Diamond, c/o BarCap, Canary Wharf, please.
Employees at Barclays iShares unit, however, still don't know who they will be owned by. The Sunday Times reports that, although private equity firm CVC offered $4.5bn for the unit, rival BC Partners has now apparently tabled a $5.2bn bid.
Finally, Financial News reports that French bank Societe Generale is in the market to hire up to 35 senior M&A bankers. The firm wants to add the bankers mainly in western Europe and Moscow.