Street Talk understands Goldman Sach co-head of equities Mario Argyrides has tendered his resignation.
At the same time, Jefferies head of sales Mike Johnson has left. Coincidence? We can’t be sure.
The moves come after Jarden and Goldman Sachs hand out bonuses after which we’ve come to expect movement at the top. Meanwhile, Jarden managing director Chris Tolj hasin a sign the Michael Stock-led outfit was seeking a bigger slice of the pie when the IPO market opened up again. He ran institutional equities sales and distribution at home and abroad for Macquarie for a decade.
It will be interesting to see who Argyrides takes with him. Bonuses at the big US investment banks have been pretty lacklustre as a global decline in dealmaking across equity capital markets and mergers and acquisitions means lower fees and trimmed headcounts. Rival banking sources suggested average bonuses were down between 30 per cent and 50 per cent on last year, spurring a flurry of phone calls to seemingly better-paying shops.
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