For Recruiters
It's a two way thing.

Bank trimming staff in London is also hiring

Job cuts in investment banks are rarely a simple occurrence. Even when a bank is cutting costs, it will also need to make strategic hires. Such is the case at Berenberg, the German privately owned bank that's been trimming investment bankers in Europe.

Amidst the exits of recently hired senior staff and the pruning of juniors, Berenberg has also been rehiring key talent from the past. Richard Payman has just resurfaced at the bank's London office after a two-year interlude at UBS.

Payman worked for Berenberg between 2013 and 2020 and was instrumental in building the bank's high touch merger arbitrage business, for which Berenberg ranks in the top three in Europe. He'll be working alongside former colleague Peter King, who runs Berenberg's event driven trading business. 

It's not clear why Payman quit UBS, where he was (briefly) head of special situations risk arbitrage. 

Berenberg employs around 500 people in London, a number that's flat on last year. The bank embarked upon a hiring spree in late 2021 and added a new floor to its office at the Royal Exchange. Payman is understood to be one of this year's only big hires. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for all the best jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

 

author-card-avatar
AUTHORSarah Butcher Global Editor
Cancel

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
CME Group
Data Engineer
CME Group
Östermalm, Sweden
CME Group
Optimization Client Services Analyst
CME Group
Östermalm, Sweden
CME Group
BI/Data Analyst
CME Group
Östermalm, Sweden
CME Group
Software Engineer
CME Group
Östermalm, Sweden
CME Group
Software Engineers
CME Group
Östermalm, Sweden
CME Group
Software Engineer - Senior
CME Group
Östermalm, Sweden